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2024 Residential Development that Best Exemplifies Major Community Impact

Development: Yaquina Hall

Developer: Salem Housing Authority

Location: Salem, Oregon

2024 JTC Awards - HTC - Yaquina HallThe historic rehabilitation award for the residential development that best exemplifies major community impact goes to Yaquina Hall in Salem, Oregon. The Salem Housing Authority renovated the former Oregon State Hospital Nursing building into a 52-apartment supportive housing development. The property served as a nurses’ dormitory from 1947 until 1971. This rehabilitation took eight years, converting the minimalist dorm rooms into full apartments. Yaquina Hall provides housing for vulnerable populations, including those with serious and persistent mental illness. Financing included $2.8 million in historic tax equity provided by U.S. Bank. That equity was a crucial piece to complete funding for the property.

Honorable Mention

In the residential development that best exemplifies major community impact category, honorable mention goes to Stephenson Female Seminary in Charles Town, West Virginia. The developer is Mitchell Park Companies LLC.

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