Bridge Meadows Background
The City of Beaverton is committed to supporting affordable housing throughout the city and is proud to welcome Bridge Meadows in their efforts to locate in Beaverton.
Bridge Meadows is a nationally-known local non-profit specializing in intergenerational housing. Their model blends seniors and foster families in the process of permanent adoption into one location.
In 2015, Bridge Meadows purchased a surface parking lot at Allen Blvd. and Menlo Dr. for the purpose of developing their second community in Oregon. Bridge Meadows Beaverton will welcome new residents home in 2017.
The City’s Development Division is working on this project because:
- It would bring more affordable senior housing to Beaverton.
- It meets the Beaverton Community Vision goal of connecting seniors and youth in the city.
- The project furthers the City’s efforts to support the Allen Blvd. Corridor Project study which identifies this property as a prime redevelopment site.
- The site is an ideal location for this intergenerational concept which strives to connect seniors and foster families to vital infrastructure such as schools, parks, community gathering spots, accessible retail stores, and public transportation.
Supports Local Senior
- It is estimated that 13.3 percent of Beaverton’s population is living in poverty. In addition, 9.4 percent of Beaverton seniors over the age of 65 are living in poverty.
- About 20 percent of households with one or more persons over 60 receive food stamps.
- Sixty percent of rental households with seniors over 60 in residence live in housing that is unaffordable (defined as requiring more than 35 percent of their gross income on rent).
Project StatusBridge Meadows and the property owners have signed Option to Purchase Agreements. Bridge Meadows was approved for low income housing tax credits from the State of Oregon to help with financing. The city has provided Bridge Meadows a $30,000 pre-development grant to assist them through this process. Bridge Meadows has through the end of the year to complete the purchase and sale agreements. At that time, a development schedule would be determined with multiple opportunities for neighborhood input.
- Mixed-income senior and foster family housing
- 2.16 Acres
- 37 Units
- Two-story construction
- Community Room
- On-site Parking
- Nationally recognized nonprofit developer