Increase Housing Options

High Rise People in Residentail Neighborhood 
Beaverton’s Community Vision Plan outlines the city’s goal of increasing downtown housing options with an emphasis on transit-oriented development. BURA, in partnership with the City of Beaverton, is committed to making strategic investments to support the community’s housing goals. The City of Beaverton adopted its first Housing Five Year Action Plan in FY16-17.

This section evaluates the outcomes of BURA’s housing investments and provides an update on all new housing development projects as well as an overview of all housing within the Urban Renewal Area (URA). These six metrics highlight the outcomes that BURA and the City of Beaverton aspire to achieve with its investments and public policies. This includes an increase of downtown housing options and of affordable housing units, particularly housing that is regulated to ensure units are preserved for eligible residents.

In FY15-16, there were 1,932 total housing units in the URA. 117 of these units were developed and came online during the fiscal year. In terms of affordable housing, 47 of all new housing units developed in the URA are affordable, regulated housing units. The increase in affordable housing is attributed to the opening of ‘The Barcelona’ housing community.
FY15-16 Highlights
 
1,932
 Total Number of Housing Units in the URA

117
 Number of New Housing Units
Completed in Downtown Beaverton

47
Number of Affordable Housing
Units Opened in the URA

40%
% of all New Housing Developed in the URA are Regulated Affordable Housing Units
 
2,960
Total Number of Housing Units Located
with 1/2 Mile of Public Transit
Light Rail Stations in the URA
BURA’s metrics show that 40 percent of all new housing developed in the URA during FY15-16 were affordable, regulated housing units.

The openings of The Barcelona and Franklin Tucker Apartments also increase the total number of housing units that have improved access to transit with light rail stations less than one-half mile away.

Furthermore, BURA and the City of Beaverton are on track to accomplish its housing goals for the downtown community.