Mountain View Community Development receives $3 million grant for 75-unit Redmond supportive housing village
REDMOND, Ore. (KTVZ) — Mountain View Community Development said Tuesday it's learned it will receive a $3 million grant from the Federal Home Loan Bank through the competitive Affordable Housing Program for its planned permanent supportive housing village near Redmond Airport.
The project, which was sponsored by First Interstate Bank, comprises a village of 75 homes the organization plans to build on Deschutes County land north of Oasis Village.
The 400- to 600-square-foot homes will be occupied by formerly homeless people with a disability. In addition to the homes, Mountain View Community Village will have a community center that houses on-site services and case management. A garden and dog park are also planned. The total project is expected to exceed $20 million.
“The vision for this village came about when we saw people in Safe Parking, and now microshelters, who were on waiting lists for housing for years. They were doing everything we asked of them, but there simply weren’t enough homes,” said Executive Director Rick Russell. “This project will triple the number of permanent supportive housing units in Central Oregon.”
The nonprofit has also applied for a grant from Oregon Housing & Community Services, and said it will be seeking other sources of funding, as well. Once built, residents of the village will pay one-third of their income as rent.
This grant doesn’t fill a gap left by a loss of State Shelter Program funds, Russell said.
“The nature of grants is that they are for specific projects, so we cannot use them for other programs. For us, that means our Safe Parking & Microshelters Program is still looking to make up $237,500 in losses. The county has stepped in to help, and so have generous donors, but we have a long way to go.”
The competitive AHP encourages collaboration between FHLB Des Moines member financial institutions and housing organizations to create affordable housing opportunities for families in need.
“Our members are essential partners in advancing affordable housing throughout the FHLB Des Moines district.” said Kris Williams, President and CEO, FHLB Des Moines. “We’re not just financing homes – we’re building stronger, more resilient communities for the people who live and work in them. This is a shared commitment and a shared impact we’re proud to advance.”
Each year, FHLB Des Moines returns 10 percent of its net income annually to assist with housing needs throughout its district, consisting of 13 states and three U.S. Pacific territories. In 2025, 54 AHP applications were approved for a total of $102.4 million.
Since inception of the competitive AHP in 1990, FHLB Des Moines and its members have helped facilitate approximately $935 million in funding to benefit more than 97,000 families through new construction and rehabilitation of owner-occupied or rental housing.
For more information, visit http://mvcdoregon.org.
