Originally developed in 1981 with the Oregon Housing and Community Services’ (OHCS) Elderly and Disabled Bond Program, Walnut Park comprises of 38-units in an inner-city neighborhood where seniors living on fixed incomes are being displaced from the community.
Walnut Park was at high risk of being sold and losing its affordability. REACH CDC, a non-profit provider of low-income housing and services, stepped in and with the help of a diverse array of sources of funding purchased Walnut Park with the mission to preserve the housing and provide a substantial rehabilitation of the property.
Rehabilitation was completed in June 2010 and today tenants enjoy many added amenities such as a community room, new laundry facilities, air conditioning, and a community garden with raised planting beds. The rehabilitation included many Green Energy features starting with the envelope that included new siding, windows, roof, and insulation.