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Report 2104.20-20 - DO i 7 0 / 7/, / 2 a, / 7,3 ///S7, ///S9, ///(01, '//' 3 s rJ /4l1-/_cr 6 z1r'.6 CPA'` COMMUNITY PARTNERS P.O. Box 23206 • Tigard, OR 97281-3206 • www.cpahinc.org FOR AFFORDABLE HOUSING Tel: 503.293.4038 • Fax: 503.293.4039 • TTY/VCO: 800.735.2900 City of Tigard Application for Tax Abatement Febiva y 7,2020 Village at Washington Square 11157-11163 SW Hall Boulevard, Tigard A. Property Description B. Project's Charitable Purpose C. Certification of Resident Income Levels D. How Tax Exemption Will Benefit Residents E. Tax Exempt Status F. Verification of Information G. IRS Lette CPAH does not discriminate against any person on the basis of age,race,color,religion,sex,sexual orientation or gender identity,disability(physical,mental or developmental),familial or marital status,or national origin,in admission or access to, 61.. 7- or treatment of,residents,employees or volunteers in any of its projects or programs. CPAH COMMUNITY PARTNERS P.O. Box 23206 • Tigard, OR 97281-3206 • www.cpahinc.org FOR AFFORDABLE HOUSING Tel: 503.293.4038 • Fax: 503.293.4039 - TTYNCO: 800.735.2900 A. Property Description Village at Washington Square is located at 11157-11163 SW Hall Boulevard, between SW Spruce and SW Pfeifle in Tigard. The site is located within the Washington Square Regional Center and is proximate to employment opportunities as well as public transportation and other services. The Village at Washington Square includes three residential buildings with a total of 26 dwelling units, and a community building, all arranged around a central courtyard/play yard. The project includes one studio, seven one-bedroom, five two-bedroom, seven three-bedroom and sot four-bedroom units. Eleven of the units are traditional apartment flats,while the other 15 are two-story townhomes with bedrooms above the main floor living space. The total site sits on.84 acres. In 2012,Village at Washington Square received exterior caulking and painting as part of the on-going focus on quality maintenance. Some additional landscaping was completed in 2013. Legal Description: Partition Plat 1998-038, Lot 1 and Partition Plat 1998-038, Lot 2 in the City of Tigard,County of Washington, State of Oregon Tax Lot: 1S135DA(04600&04700) B. Projects Charitable Purpose Community Partners for Affordable Housing, Inc. (CPAH) creates and maintains safe, healthy, and sustainable housing with services for diverse residents including families, seniors,and people with disabilities in Washington County and SW Portland. When it opened in 2002,The Village at Washington Square was the first addition of affordable units to the Tigard housing stock in a decade. The 26 units are priced to be affordable to very low, low, and moderate-income residents. The project is subject to an extended use agreement to keep the rents affordable for 60 years,effectively the full life of the project. This covenant is recorded with the title of the property and requires that rents will be affordable to households at 30%,45%and 60%of area median income and significantly below market rents. Half of the units are three and four bedroom apartments serving larger families who are often unable to find affordable rental opportunities in Tigard. CPAH maintains active partnerships with the Tigard Police Department, Tualatin Valley Fire & Rescue,Tigard Libraries, and the Tigard School District to enhance the safety and quality of life for residents and to ensure that our programs are well-coordinated with other community resources. CPAH works closely with Community Action and other agencies to provide information and referral as well as emergency services such as food boxes as well as rent and utility assistance. Coordination agreements with social service programs such as Lutheran Community Services and Community Action Organization, enhance ongoing case management and link stable housing with successful program outcomes. CPAH offers a variety of programs for youth including after school and summer programs as well as adult services induding Neighborhood Watch, classes in support of parenting skills, budgeting and other financial literacy skills,and nutritional shopping and cooking. The Village at Washington Square is located within a census tract(309)which has a higher than average concentration of low-income rental households. The number of residents without a high school diploma is notably higher than for Tigard as a whole. This area has the second highest APPLICATION FOR TAX ABATEMENT PAGE 2 OF 3 CPAH does not discriminate against any person on the basis of age,race,color,religion,sex,sexual orientation or gender I /1 identity,disability(physical,mental or developmental), familial or marital status,or national origin,in admission or access to, l ._( or treatment of,residents,employees or volunteers in any of its projects or programs. C P rr r' 1 COMMUNITY PARTNERS P.O. Box 23206 • Tigard, OR 97281-3206 • www.cpahinc.org FOR AFFORDABLE HOUSING Tel: 503.293.4038 • Fax: 503.293.4039 • TTYNCO: 800.735.2900 concentration of children under 9 of the eight census tracts in Tigard. While this area represents 9% of Tigard's population, it is home to nearly 16%of the city's minority households. C. Certification of Resident Income Levels Resident income levels are verified upon application for tenancy and at annual re-certification. Residents may remain in their units as long as they income qualify at entry. Rents are well below the market for the area. We certify that all apartments in this project are targeted to and remain affordable to households earning at or below 60%of the AMI. Compliance with income restriction requirements is audited annually by the State of Oregon Department of Housing and Community Services and Washington County Office of Community Development. D. How Tax Exemption Will Benefit Residents 100%of the property tax exemption is a direct subsidy for the residents(lower rents)as operating costs are lower due to tax abatement. Some costs,such as the cost of operating our youth programs, must be funded from outside sources. Without property tax abatement,we would have to shift some of our fundraising efforts from developing sources for these programs and use them instead to cover basic operations. It can be argued that using property tax revenues to subsidize well managed affordable housing units results in a net savings of public resources. Fewer and less-severe police calls, healthier students,and stably housed social service consumers, all provide a direct reduction in the demand for government funded services. E. Tax Exempt Status CPAH is the general partner of the Village at Washington Square Limited Partnership,a single entity asset. CPAH's IRS Determination Letter is attached. CPAH undergoes full audit of its books annually,as does the Village at Washington Square. The State of Oregon Housing and Community Services Department and the U.S. Department of Housing and Urban Development review the project and resident files annually. F. Verification of Information I hereby certify that the information in this application for tax abatement is accurate and complete to the best of my knowledge. Income Property Management Company performs day-to-day management of the property and is responsible for certifying income levels of each resident for compliance with program guidelines. ke i..)...../.42_ achae`('uke, Executive Director Da APPLICATION FOR TAX ABATEMENT PAGE 3 OF 3 CPAH does not discriminate against any person on the basis of age,race, color,religion,sex,sexual orientation or gender /1 identity,disability(physical,mental or developmental),familial or marital status,or national origin,in admission or access to, 7 r or treatment of,residents, employees or volunteers in any of its projects or programs.