Roeder & Company, LLC and Enhanced Community Development announce the closing of a $4 million Oregon New Markets Tax Credit financing for Ride Connection’s new Resource and Operations Center at Glisan Commons, a mixed-use development near the Gateway Transit Center in Northeast Portland.  The new facility will be 16,000 square feet and will house Ride Connection’s administrative offices, driver training and support programs, call center, scheduling and dispatch operations, and travel training services.

“The incorporation of Oregon NMTCs into the financing of our new Resource and Operations Center will help Ride Connection to strategically expand its program offerings, thereby serving, educating and training many more people than can be done from our current headquarters location,” said Elaine Wells, Executive Director of Ride Connection.  One of the main objectives of the Oregon NMTC program is to spark revitalization in Oregon’s low-income communities, and the Ride Connection Resource and Operations Center furthers that aim by creating new jobs in its highly distressed census tract and substantially improving community access to Ride Connection’s transit education programs.

“The benefits from this program will truly help change lives by providing the gift of mobility, independence, and dignity for many deserving people,” said Cynthia Thompson, Chief Development Officer of Ride Connection.

The Resource and Operations Center, including tenant improvements, is expected to be completed in June of 2014.  For more information on Ride Connection, please visit www.rideconnection.org.   

Roeder & Company welcomes the addition of Victor Merced to its Advisory Board.  Mr. Merced is the Executive Director of Hacienda Community Development Corporation.  “Victor has tremendous experience serving low-income communities and communities of color with his long list of achievements in affordable housing and community development.  His inclusion in our advisory board will further our efforts to reach out to non-profit organizations in Oregon,” said Reynold Roeder, CEO of Roeder & Company, LLC.  Victor will join Bob McGill, Gary Neal, Matt Burton, Rob Adams, and Bob McKean on Roeder & Company’s Advisory Board.

For further information, call 503-641-5457.

Roeder & Company, LLC and Enhanced Community Development are proud to announce the closing of a $4 million Oregon New Markets Tax Credit financing for the SAGE Center, an interactive visitor center in Boardman, Oregon that spotlights sustainable agriculture and energy industries in the region.  The center’s exhibits focus on the state-of-the-art technology that companies at the Port of Morrow utilize in a wide variety of ways, from the production of crinkle-cut french fries to the recycling of rubber from scrap tires.

Roeder & Company and Enhanced Capital worked with the Port of Morrow, the developer of the project, to close one of the first financings under the Oregon State New Markets Tax Credit program launched in 2012.

“The Port is excited to have been an early participant in the Oregon NMTC program.  It’s another way to demonstrate the innovative thinking that takes place in this community,” said Gary Neal, General Manager of the Port of Morrow.

The SAGE Center opened on June 1, 2013.  For more information on the SAGE Center, please visit www.visitsage.com.