Empowering Residents Through Affordable Housing in Corvallis
Corvallis Spruce Apartments will provide 50 much-needed affordable housing units in Corvallis, Oregon. The property will be designed for families and individuals earning at or below 60% of the area median income (AMI), with 12 units specifically set aside for residents at 30% AMI. The apartment mix will consist entirely of 1- and 2-bedroom homes, directly addressing the high demand for smaller-unit housing in the area.
Situated on a 0.94-acre site, Corvallis Spruce Apartments will feature a community room, a playground, a garden lawn, in-unit washers and dryers, and bike parking. Through a partnership with Casa Latinos Unidos, residents will have access to essential resources, education, and community-building opportunities, fostering long-term stability and support.
The project will be financed through a combination of Local Innovation Fast Track (LIFT) funds, construction and permanent debt, OHCS Multifamily Energy Program (OR-MEP) funds, and Energy Trust of Oregon (ETO) funds.
1873 NW Division Pl.
Corvallis, OR, 97330
GLD Role:
Sponsor
COMPLETION:
2026
SIZE:
50 Affordable Homes
45,000 Bldg SF
40,947 Land SF
PARTNERS:
Corvallis Spruce
Corvallis Spruce
1873 NW Division Pl
Corvallis, OR, 97330
SIZE:
50 Affordable Homes
45,000 Bldg SF / 40,947 Land SF
PARTNERS:
Home First, OHCS, ALSO, Cornerstone, Beaudin, Waechter, M-Group, DevCo, Laurus Design, Tabor Design
GLD ROLE:
Sponsor
COMPLETION:
2026
GLD ROLE:
Sponsor
SIZE:
50 Affordable Homes
45,000 Bldg SF
40,947 Land SF
PARTNERS:
Home First Development
OHCS
Beaudin Construction
Waechter Architecture
DevCo Engineering
M-Group Engineering
Laurus Designs
Tabor Design Group
COMPLETION:
2026
Empowering Residents Through Affordable Housing in Corvallis
Corvallis Spruce Apartments will provide 50 much-needed affordable housing units in Corvallis, Oregon. The property will be designed for families and individuals earning at or below 60% of the area median income (AMI), with 12 units specifically set aside for residents at 30% AMI. The apartment mix will consist entirely of 1- and 2-bedroom homes, directly addressing the high demand for smaller-unit housing in the area.
Empowering Residents Through Affordable Housing in Corvallis
Corvallis Spruce Apartments will provide 50 much-needed affordable housing units in Corvallis, Oregon. The property will be designed for families and individuals earning at or below 60% of the area median income (AMI), with 12 units specifically set aside for residents at 30% AMI. The apartment mix will consist entirely of 1- and 2-bedroom homes, directly addressing the high demand for smaller-unit housing in the area.
Situated on a 0.94-acre site, Corvallis Spruce Apartments will feature a community room, a playground, a garden lawn, in-unit washers and dryers, and bike parking. Through a partnership with Casa Latinos Unidos, residents will have access to essential resources, education, and community-building opportunities, fostering long-term stability and support.