Wade Creek Commons
Wade Creek Commons is a four-building multi-family development located in Clackamas County, Oregon. The project will create 36 affordable units for renters earning at or below 60% area median income with a mix of 2- and 3-bedroom apartments. The development is in partnership with Home First Development with a shared goal to build safe, stable and affordable housing for those impacted by the Riverside Fire in 2020.
The building will achieve green building standards comparable to Earth Advantage Gold. Future residents will benefit from resident services provided by Todos Juntos, a culturally specific organization that focuses on empowering, educating and inspiring youth and families to be successful at school and at home.
The homes will have balconies/patios, storage, and in-unit laundry. The planned community space and play area will support resident service delivery and promote community building and gatherings. The project site is centrally located within the community, ensuring residents will have convenient access to grocery stores, public transportation, schools, restaurants, retail shops, and parks.
The project is financed with Local Innovation Fast Track (LIFT) funds, construction and permanent debt.
Location: 1157 NW Wade St. Estacada, OR
Property type: 36 Affordable Apartment Homes
Land size: 65,340 square feet
Building size: 36,300 square feet
Project cost: $15,500,000 (approx.)
Lender: Beneficial State Bank
Completion: December 2023
Partners: Home First Development, Oregon Housing and Community Service, Housing Authority of Clackamas County, Todos Juntos
Property Manager: Key Property Services, wadecreek@kpsinc.net, 888-215-2157
