Enterprise-backed deal preserves 12 affordable apartments in rural Oregon

• Columbia Cascade Housing acquired 12-unit Columbia View Apartments in Cascade Locks, Oregon, with technical support from Enterprise Community Investment.
• Financing included a $1.2 million USDA Section 538 mortgage through Bellwether Enterprise, alongside roughly $1.3 million from other project sources.
• The property became the first Section 515 Simple Transfer using Stand-Alone Rental Assistance, preserving affordable housing through continued rental support.
• USDA approvals, rental assistance, rehabilitation planning and permanent financing were finalized in mid-August following the ownership transfer.
• Construction has started, with all 12 apartments expected back online before year-end following extensive interior and exterior rehabilitation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enterprise Community Investment Inc published the original content used to generate this news brief on October 21, 2026, and is solely responsible for the information contained therein.