March 17, 2017

ICYMI: Affordable housing, health care project lands $4.5M in tax credits

Meyer grantee Cascadia Behavioral Healthcare scored a big win in New Markets Tax credits to build a 52-unit apartment complex for low-income individuals, homeless veterans and people with mental illness. The building will also house an on-site medical team coupled with mental health and addiction services.

Portland Business Journal covers the $28M investment in Northeast Portland here:

Cascadia Behavioral Healthcare, a nonprofit that provides housing and health care services to people living with mental health and addiction issues, has secured $4.5 million in New Markets Tax Credits for its Garlington Center. The investment, a partnership with National Community Fund, a Community Development Entity affiliated with United Fund Advisors, will help fund the $28 million project, which is currently under construction at 3034 N.E. Martin Luther King Jr. Blvd.

“We are striving to create a valued space where being mindful and treating the whole body is easy and accessible for our community,” –Dr. Derald Walker, President and CEO of Cascadia Behavioral Healthcare.