The Knoll at Tigard Apartments are designed for seniors (age 55+), and include 45 one-bedroom units and 2 two-bedroom units. The project serves seniors of modest means with maximum annual gross income for a 1 person household at approximately $30,000. Rents range from $562 - $597 for the one-bedroom apartments.
A large community room is located on the ground floor facing Hall Boulevard, adjacent to a more private “living room” for the residents. The project is 46,422 square feet in size, and total residential project cost was $10.8 million..
The project is transit-oriented, located on a bus line, near a rail line, and within walking distance to other community amenities such as the library, senior center, shops and restaurants. A living column graces the entry to the building (offering year-round vegetation). A 15,000 gallon cistern collects rainwater for re-use in flushing toilets.
The building includes local and recycled content materials where feasible, and energy efficient, safe and durable choices throughout. A code-required fire lane doubles as an elliptically-shaped community plaza, with permeable paving to mitigate stormwater runoff. The building is non-smoking and pet friendly.
This project is the first new residential project in Tigard’s City Center since an urban renewal area was created—replacing three single family homes with 48 units of affordable housing.
Development team members include: Carleton Hart Architecture, LMC Construction, and Housing Development Center.
Community Partners for Affordable Housing (CPAH) is the general partner, and Enterprise Community Investment the tax credit investor, with JP Morgan Chase as the fund investor. Enterprise was also the limited partner.
Construction lender is JP Morgan Chase, and permanent lender Network for Oregon Affordable Housing.
Federal, state and local funders include: U.S. Department of Housing & Urban Development, Oregon Housing & Community Services Department, Washington County Office of Community Development, Housing Authority of Washington County, City of Tigard, and Metro.
Interim financing was provided by the Community Housing Fund.