Cornerstone Apartments in north Salem bring hope to low-income families

Susan Qualey led a caravan of four children to their new home, a three-bedroom apartment on Salem’s north side. It was the family’s first time seeing their slice of the Cornerstone Apartments at 2540 Rose Garden St. NE. The complex, which opened this week, was the first in a set of Local Innovation and Fast Track homes to open after Oregon lawmakers approved $120 million toward the…

LIHTCs Bring Affordable Housing to Oregon Capital

Like most American cities, Salem, Ore., is experiencing an affordable housing shortage. In fact, Beth Hays, CEO of Community Resource Trust, estimates a 6,000-apartment shortage of affordable housing in Marion County, which includes Salem. That’s significant for a city of 167,419 people, which makes up nearly half of the county’s population. To address Salem’s need…

Construction of 180 Affordable Homes Set to Begin in Salem

SALEM, OR – Community Resource Trust, Mountain West Investment Corporation and Oregon Housing and Community Services (OHCS) are excited to announce the groundbreaking ceremony for the Cornerstone Apartments on August 10, at 10:30 am. Speakers will include Community Resource Trust Board Chair Paul De Muniz, Director of OHCS Margaret Salazar, and Salem Mayor Chuck Bennett. The location of this celebration is 3350 Portland Road NE, Salem, Oregon.