Retro Electro development brings needed housing options to Oregon’s capital
SALEM, Ore. — Oregon Housing and Community Services (OHCS) is investing $160 million in 10 affordable housing developments across the state, including one right here in Salem. The Retro Electro project—part of the latest funding round—will bring much-needed affordable housing to the capital city as part of a larger statewide effort to address Oregon’s housing crisis.
In total, the investment will support the creation or preservation of more than 740 rental units, ranging from studio apartments to larger family-sized homes. The housing will serve a wide range of residents, including seniors, former foster youth, people of color, individuals exiting the justice system, and those transitioning out of homelessness.
“Housing is the foundation that makes it possible for the people of Oregon to thrive,” said OHCS Executive Director Andrea Bell. “Under the governor’s leadership, we aim to create a boom in housing.”
Governor Tina Kotek emphasized the importance of housing affordability for working families across all zip codes, including in communities like Salem where housing demand continues to rise.
“These projects will go a long way to helping Oregonians afford to live where they work, in the communities that suit them best,” Governor Kotek said.
Most of the developments are supported through the Local Innovation and Fast Track (LIFT) program, a state initiative launched in 2015 to accelerate the creation of affordable housing for low- and moderate-income residents.
Salem’s inclusion in this round of funding highlights its role in the broader state strategy to deliver equitable, community-informed housing solutions across Oregon.
For more information about OHCS and the Retro Electro project in Salem, visit oregon.gov/ohcs.
