Station 162 provides accessible housing at an affordable price

August 03, 2018 | GET MORE : Community

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U.S. Bank provided construction and tax-credit investment financing to make the project possible.

Station 162 is an apartment complex in Portland, Oregon, that offers below-market rents to individuals and families with household incomes below 60 percent of the area median income. It includes 25 one-bedroom units specially designed for residents who use wheelchairs and 19 units targeted for elderly residents. The goal of this facility is to maximize the independence of the residents by providing accessible and adaptable living space and access to transportation. 

U.S. Bank provided construction and tax-credit investment financing for QUAD Inc. to develop the project. Through its Community Possible corporate social responsibility platform, the bank is focused on closing gaps between people and possibility in the areas of Work, Home and Play.