Roeder & Company, LLC and Enhanced Community Development are pleased to announce the closing of a $4 million Oregon New Markets Tax Credit financing for the expansion of ShelterCare’s current administrative headquarters into a hub of services for families, clients, volunteers, and staff.  The facility, located in Eugene, OR, will offer the benefits of having a variety of specialists co-located under one roof, spaces for group and private sessions, and the therapeutic benefits of providing treatment in a professional setting.  The renovation will include modular offices, conference rooms, small private spaces for confidential client meetings, and a large space for training and community meetings.  Additionally, the facility will include a warehouse for construction materials, supplies for housing units, and a maintenance shop to coordinate repairs to, and furnishings for, ShelterCare’s over 300 housing units.

 “[The facility] will bring enormous benefit to approximately 1,700 families and individuals served each year.  The opportunity to integrate services and expand outreach through a central hub for ShelterCare will benefit our community for many years to come,” said Susan Ban, Executive Director of ShelterCare.  ShelterCare is a nonprofit corporation based in Eugene, OR that offers a variety of housing support services for the homeless or those facing homelessness with a committed focus on homeless families and the community’s most vulnerable individuals dealing with psychiatric disabilities and acquired brain injuries.

ShelterCare originally purchased the existing building using Oregon’s Small Nonprofit Accelerated Program (SNAP) Bonds, a program through which the Oregon Finance Authority issues bonds that are then purchased by a participating bank.

“After closing transactions for ShelterCare, SAGE, and Ride Connection, we’ve proven that the Oregon State NMTC program can be utilized in deals as small as $4 million, and in a manner that accommodates other non-traditional financing sources such as SNAP bonds, federal and state grants, third-party lenders, and capital campaigns still in process,” said Reynold Roeder, CEO of Roeder & Company, LLC.  “These investments will all have a tremendous positive impact in the community and happened because the Oregon NMTC Program is such a flexible financing tool.”

The expansion of the service hub is expected to be completed in August of 2014.  For more information on ShelterCare, please visit www.sheltercare.org. 

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, 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.