Governor Kate Brown and Oregon non-profits will celebrate the preservation, rehabilitation, and grand reopening of the historic Hotel Julian in Corvallis, Oregon on June 4th from 11:30-2pm (Governor’s remarks at 12:30).
The Hotel Julian is home to 35 households who earn very low-incomes (average annual income of under $10k) and who are elderly and/or disabled. The property has offered affordable homes to the Corvallis community since 1985 but in 2012, the building was in danger of market rate conversion. If the Hotel Julian was converted to market rate apartments, these 35 households would have been displaced and the community would have lost a crucial affordable housing asset.
Two Oregon nonprofits, Northwest Housing Alternatives* (NHA) and Willamette Neighborhood Housing Services, partnered to make sure the property was preserved so it can serve Corvallis residents earning low incomes for generations to come. Northwest Housing Alternatives was able to step in and acquire the property and to use its expertise to secure funding and manage the rehabilitation of the historic building. Willamette Neighborhood Housing Services (WNHS) is the local Corvallis nonprofit committed to strengthening the community through affordable housing. WHNS will add the Hotel Julian to their portfolio and provide services to help its residents live healthy and stable lives.
This partnership demonstrates what can happen when nonprofit organizations, the State of Oregon, and local government can work together to provide safe, dignified, and affordable homes to some our state’s most vulnerable households.
- 35 units
- Average annual household income of the residents under $10,000
- Site has acted as affordable housing since 1985
- Will remain as dedicated affordable housing for the next 60 years preventing displacement of any current tenants.
- Total project cost: $8.44 million. Sources of financing: Federal Low Income Housing Tax Credits (LIHTC) provided by Oregon Housing and Community Services (OHCS) and financed through Wells Fargo Community Lending and Investments, Oregon Housing & Community Services (OHCS) Low Income Weatherization Program, City of Corvallis HOME and CDBG financing, Wells Fargo Community Lending Division for construction loan financing, Network for Oregon Affordable Housing (NOAH) permanent loan and OHPP Green Grant, Federal Home Loan Bank of Seattle (FHLB) grant sponsored by Citizens Bank of Corvallis, NeighborWorks America grant, and MPower, which helped finance energy efficiency improvements through a grant to the project.
- NHA and WNHS rehabbed the property focusing on preservation of this historic structure, building and unit interiors, extensive ADA and accessibility upgrades, indoor air quality and heating and cooling improvements, establishment of a new building entry with dedicated onsite management office space, resident services office space and a dedicated community room for residents.
- Willamette Neighborhood Housing Services will provide long term ownership of the property and provide resident services to the property’s current and future tenants.
* Northwest Housing Alternatives (NHA) is the largest non-profit developer of affordable housing in Oregon, providing safe, dignified and affordable homes to over 2,600 people in 1,831 units spread across 16 Oregon counties.