February 27, 2017

Celebrating the Grand Opening of NAYA Generations

NAYA Generations

We are celebrating the grand opening of NAYA Generations on February 28 in Portland, Oregon. Congratulations to NAYA Family Center and Guardian Real Estate Services! This new multi-generational development will add 40 affordable homes for seniors and families, some of whom are participating in the Department of Human Services Foster and Adoption Home Study process.

Financing

JP Morgan Chase provided $8 million in construction financing. Permanent financing included a $1 million loan from Network for Oregon Affordable Housing, $600,000 of CDBG funding from the Portland Housing Bureau, and $400,000 from Meyer Memorial Trust. Enterprise was proud to provide $8.7 million of equity.