Acquisition of a 4.66 acre parcel of land in unincorporated Washington County and within the Basalt Creek Comprehensive Plan area approved by the City of Tualatin for future high‐ density development and annexation into the City. CPAH intends to develop the site with 12 studio, 45 one‐bedroom, 35 two‐bedroom and 24 three‐bedroom units. The site currently contains two older single‐family residences and an outbuilding which will be occupied and generating a small amount of rental income during the term of the loan.
