Hood River URA Approves Moving Toward Loan For Heights Housing Project


The Hood River Urban Renewal Agency board approved having its staff move forward with Mid-Columbia Economic Development District in providing a bridge loan of $2 million for a mixed use development including affordable housing in the Heights Urban Renewal District.  The project being developed by Maui Meyer and Ben Stenn at 13th and Taylor was approved by the City in 2021, including a real component on the first floor, a structured parking area, and 28 of the 30 housing units priced for under 120 percent of average median income with an average of 112 percent.  URA board chair Mark Zanmiller says part of the purpose of the Heights district is to develop more affordable housing opportunities, and he hopes this project would spark other developments.  The URA and MCEDD would each contribute half of the loan, which would have a 25-year term.  An intergovernmental agreement between the URA and MCEDD will be put together.

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