/

|

BRIDGE Housing has acquired Bethany Meadows, an affordable community in Portland. The acquisition preserves 340 apartments as long-term low-income housing, saving the units from a potential transition to market-rate rents.

Bethany Meadows is made up of income-restricted one- and two-bedroom homes for households earning 60 percent of Area Median Income. The affordability restrictions on the apartments had been poised to expire in two to three years.

Located at 16145 NW Spartan Way near Beaverton, Ore., Bethany Meadows is a garden-style community featuring two- and three-story buildings. The community was constructed in two phases. Completed in 1997, Phase I features 208 units. Built the following year, Phase II offers 132 units.