Meyer to fund REACH for green apartment project
By Andy Giegerich
Sustainable Business Oregon editor
The Orchards at Orenco will be built to Passive House efficiency standards.
The Meyer Memorial Trust has allotted $500,000 to a group that’s building affordable apartments in Hillsboro.
The Meyer group gave the half-million dollars to REACH Community Development as REACH prepares to build phase one of the Orchards at Orenco. The project is set to start this fall.
The 57-unit affordable apartment community is considered a sustainable project on at least two fronts. First, the project is near the Orenco MAX station. It will also be constructed using “Passive House” building standards that aim to reduce power usage and heating bills by up to 90 percent.
A Portland couple recently achieved their net-zero energy goal by adding solar panels atop a townhouse built to Passive standards.
The REACH project will consist of three phases and eventually yield 150 units. The apartments will target residents who earn about 50 percent of the median family income, or $25,000 for a single-person household.
“With the current economic growth occurring in Washington County, it’s important that organizations like REACH take a comprehensive approach to building affordable, safe, and attractive homes for our expanding workforce,” said Doug Stamm, Meyer Memorial Trust’s CEO, in a statement.
REACH’s portfolio of lower-income housing includes 1,607 units.
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