Neighborly Ventures Continues Ponderosa Housing Development

Neighborly Ventures continues as the developer under COCC’s ground lease for the 69‑unit Ponderosa multifamily project, operating within a due diligence period through February 2027 and a 12‑year property tax abatement tied to affordable units. The project is intended to generate long‑term lease revenue for the College.

Scope & details

The full contract record, as filed.

Contract type

FACILITIES

Contract term

Due diligence period through February 2027

Renewal date

2027-02-28

Renewal

Due diligence on the Ponderosa project continues through February 2027; COCC and its partners are evaluating modified lease terms and possible equity co-investment to keep the project viable.

Document type

AgendaPacket

Source document

Central Oregon Community College AgendaPacket Board Real Estate Committee Meeting 2026-07-20

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COCC Board Real Estate Committee Meeting Agenda April 2026

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cocc_board_real_estate_committee_meeting_agenda_ja.pdf

city-of-bend-meeting-minutes-2025-03-19_622.pdf

pending

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Bend Urban Renewal Agency Meeting Minutes March 2025

DISCUSSSED

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central-oregon-community-college-agenda-2025-03-17_162.pdf

ongoing

Central Oregon Community College, Oregon$2,150,000Mar 17, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Central Oregon Community College?

Neighborly Ventures was awarded this facilities contract by Central Oregon Community College, as recorded on July 20, 2026.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Central Oregon Community College AgendaPacket Board Real Estate Committee Meeting 2026-07-20 (AgendaPacket), dated July 20, 2026 from Central Oregon Community College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Neighborly Ventures hold?

Neighborly Ventures 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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What is Central Oregon Community College currently buying?

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