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News / Business / Business Briefs

Low-income housing development secures additional funding

The Columbian
Published: October 19, 2018, 6:00am

HAZEL DELL — Rhododendron Place, a housing development for homeless people that is under construction in Hazel Dell, has received an additional $4.2 million in federal low-income housing tax credit equity financing from California-based Hunt Capital Partners. Hunt announced the deal Thursday.

The $7.78 million Rhododendron Place project is sponsored by the Vancouver Housing Authority and Columbia Non-Profit Housing, each of which contributed a portion of the initial funding. The development is slated to feature 30 studio units, half of which will be available to individuals earning up to 50 percent of the area median income and half of which will be for those earning up to 30 percent.

Twenty-three of the units will be reserved for occupants who qualify as homeless, and all of the units will be restricted to individuals with behavioral health disorders or mental disabilities, with free support services, such as drug and alcohol treatment programs and employment services provided by Columbia River Mental Health Services, a nonprofit mental health center.

The project is expected to be completed in December 2019. The building is planned to have a common area, computer lab and on-site resident services, as well as basic furnishing for each unit. The site is located off of 15th Avenue in Hazel Dell North, next door to the existing Azalea Place Apartments, which offers similar low-income housing and support services.