Camas Ridge apartment complex scheduled for completion this summer

Project is among several being taken on by the VHA

timestamp icon
category icon Life
Construction is well underway on the 51-unit Camas Ridge apartment complex at Northwest 28th Avenue and Logan Street on Prune Hill. According to Vancouver Housing Authority officials, the project will be complete this summer.

A currently under construction Camas apartment complex is among the $28.8 million in new development and capital improvement projects being taken on by the Vancouver Housing Authority in 2011.

The $7.5 million Camas Ridge development broke ground on Prune Hill in August 2010, and is scheduled for completion in mid-summer. It will provide 51 apartments, both market rate units and apartments available to those earning 60 percent or less of median income, which is approximately $71,200 for a family of four.

“For the past few years financing for construction of affordable housing has been non-existent, we are especially glad to see funding becoming available for our communities,’ said VHA Executive Director Roy Johnson. “Between 2010 and 2011, the VHA is investing approximately $43.9 million in our properties and our community to provide decent, safe and affordable housing for low-income residents in Clark County.”

Funding sources for the Camas project include $3.25 million in private activity bonds, $1.5 million from the Washington State Department of Commerce Housing Trust Fund, and nearly $500,000 in loans and grants from Clark County HOME, Community Development Block Grant and 2060 funds. The VHA is providing equity of $2.33 million.

The two building, 46,190 square foot project will have 15 1-bedroom units, 20 two-bedroom units and 16 three-bedroom units. The property will also offer residents open space and children’s play areas, and a community center. There will be 84 parking spots.

Monthly rents are expected to range from $605 to $1,195 per month. Key Property Services will begin taking applications in May.

The other major capital VHA project is an apartment complex for senior citizens in downtown Vancouver. The 76-unit Vista Court Apartments will break ground this month. The $16.1 million project will serve people ages 65 and older.

In addition, approximately $6.7 million in capital improvements including weatherization and exterior upgrades, will be made to selected properties in Orchards, Hazel Dell and Vancouver.

The VHA serves more than 7,500 low-income children, parents, elderly and disabled people with subsidized housing. The VHA also contributes non-subsidized affordable workforce housing and community development activities that provide homes for an additional 5,000 people.