Loan Recommended for Habitat Bear Creek Village Project

The City of Bend’s Affordable Housing Advisory Committee recommended a $350,000 affordable housing fund loan to Bend-Redmond Habitat for Humanity to provide homebuyer financial assistance for eight long-term affordable units at Bear Creek Village. The loan defers payments for 30 years before converting to a fully amortizing loan with five percent interest for repayment by year 40 and secures affordability for at least 99 years.

Scope & details

The full contract record, as filed.

Contract amount

$350,000

Contract type

FINANCIAL_SERVICES

Contract term

40-year loan structure with first 30 years deferred, minimum affordability term of 99 years

Renewal

Zero percent interest with payment deferred for 30 years; in year 31 loan converts to full amortization with principal plus five percent annual interest for full repayment by year 40; affordability maintained via land trust model for a minimum of 99 years.

Document type

StaffReport

Source document

City of Bend StaffReport Approve the 2026 Affordable Housing Fund Recommendations 2026-08-05

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City of Bend Affordable Housing Advisory Committee Meeting Minutes 2026-06-02

DISCUSSSED

Bend MPO, OregonJun 2, 2026

housing_and_community_development_committee_agenda.pdf

housing_and_community_development_committee_minute.pdf

APPROVED

City of Redmond, Oregon$172,713Oct 15, 2025

city-of-bend-referee-s-final-decision-and-recommendation_900.pdf

PENDING

City of Bend, OregonSep 17, 2025

housing_and_community_development_committee_minute.pdf

ONGOING

City of Redmond, OregonAug 20, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bend?

Bend-redmond Habitat for Humanity was awarded this financial services contract by City of Bend, as recorded on August 1, 2026. The contract value is $350,000.

How much is the Bend-redmond Habitat for Humanity contract with City of Bend worth?

The Bend-redmond Habitat for Humanity contract with City of Bend is valued at $350,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in City of Bend StaffReport Approve the 2026 Affordable Housing Fund Recommendations 2026-08-05 (StaffReport), dated August 1, 2026 from City of Bend. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bend-redmond Habitat for Humanity hold?

Bend-redmond Habitat for Humanity may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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