Bend Will Hold Grand Opening for Cascade Landing
The city's new affordable housing complex will host its grand opening event on October 15.
Updated on Oct. 13, 2026 in Openings & Closings
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On October 15, Bend will celebrate the grand opening of the Cascade Landing affordable housing community. This initial phase provides 98 units for residents earning between 30% and 60% of the Area Median Income.
Why it matters
The project serves as a critical addition to local housing inventory by providing specific income-restricted options. It also functions as the first step in a larger multi-year redevelopment of the 40-acre site.
The initial development phase includes 98 units supported by a $35 million OHCS award, with 20 units reserved for households at 30% of the Area Median Income. The project encompasses a 40-acre site that will ultimately house nearly 400 residential units.
The players
Cornerstone Community Housing
This organization provides ongoing support services to residents including employment, rent, utility, and counseling assistance.
Oregon Housing and Community Services
This state agency provided the $35 million Local Innovation Fast Track funding award used to support the project development.
City of Bend
The local municipal government partnered in the development and facilitated the annexation of the 40-acre site.
The details
Located at Atwood Drive and Ponderosa Street, the community features one-bedroom to three-bedroom floor plans alongside a 3,000-square-foot community center. Cornerstone Community Housing will offer residents employment, rent, utility, and counseling services on-site.
Timeline
The City of Bend annexed the development land in early 2025.
The grand opening event is scheduled for October 15, 2026.
A second phase is slated to add 96 units in 2027.
Market Landscape
This project marks a significant step in the regional strategy to utilize the Oregon Housing and Community Services Local Innovation Fast Track award for large-scale developments. It positions the city to meet growing residential demand through a multi-year, phased approach that eventually scales to 400 total units.
Residents seeking affordable housing can access new one-bedroom to three-bedroom units based on specific Area Median Income eligibility criteria. The site also offers integrated community services, including counseling and utility assistance, to all eligible tenants.
The takeaway
The addition of these income-restricted units aims to help low-income families secure stable housing in the area. Interested residents should verify their income eligibility against the 30% and 60% Area Median Income thresholds to determine which specific unit tiers they qualify for.
What happens next
Construction of the second phase of the development is projected for completion in 2027, which will add 96 units to the community.
Further reading
For more on local development news, visit the Bend Openings & Closings section.
Source note: This article includes information reported by Cascade Business News.
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