HollywoodHUB
Overview
| Size |
$80.5 Million LIHTC Equity, Permanent Loan, & Bond Underwriting |
|---|
Summary
BRIDGE Housing raised $71.5 million in a path-breaking bond offering to finance an affordable housing community in Portland, Oregon. It is the first nonprofit housing provider to issue publicly offered tax-exempt bonds for the construction of a new development.
HollywoodHUB will consist of 224 affordable rental homes, with approximately 60% designed as family-friendly two- and three-bedroom apartments. All homes will be affordable to households earning 30-60% of the Area Median Income (AMI), including 32% set aside for those earning 30% or less of AMI.
Planned amenities include community rooms, an indoor play area, a teen lounge, resident services, and bike parking. The site will feature a shared courtyard and paseo that will serve as central gathering spaces for residents and the surrounding neighborhood. It is conveniently located within a five-minute walk of three grocery stores, a library, Grant Park, high-performing schools, and various essential services.
In addition to underwriting the BRIDGE Housing bond issue, KeyBank CDLI is providing nearly $62 million in low-income housing tax credit equity for HollywoodHUB and has arranged permanent financing with a $18.5 million private placement loan.
Banking products and services are offered by KeyBank National Association. All credit products are subject to collateral and/or credit approval, terms, conditions, and availability and subject to change.










































