Alder House was built in 1992 and is a seven‐story building containing 131 units, of which 130 are considered SRO units and 1 one‐bedroom manager’s unit. The ground floor includes a lobby, leasing office and a small commercial space occupied by DePaul Treatment Center. The acquisition financing allows the sponsor to purchase the property and finalize funding sources for rehabilitation and permanent financing to preserve this important affordable housing in downtown Portland.
