Rosa Village Co-op

In 2020, SquareOne received a generous donation of a 3.3 acre property at 2243 Roosevelt Blvd in Eugene. We began using the northern portion of the site shortly thereafter to provide temporary, non-congregate shelter, which eventually evolved into the new home for Opportunity Village when it needed to relocate from its original site in 2023. 

The southern 2.0 acres of the site will be the future home of Rosa Village Co-op, with 52 new permanently affordable homes with construction scheduled to begin at the end of 2025. Following a similar shared-equity homeownership model, the Rosa Village builds on the recent success of our Peace Village development, while seeking to apply key lessons learned to refine our approach and maximize efficiency, affordability, and scalability. 

Most notably, it seeks to make advancements as our first co-op developed primarily with replicable financing sources. Peace Village was financed primarily with one-time subsidies (made possible by the American Rescue Plan Act of 2021), since regular public subsidy programs were not compatible with the cooperative ownership model at the time. Since then, SquareOne has spent considerable time and energy advocating for changes that now allow cooperatively owned housing to be compatible with Oregon's LIFT Homeownership program, Oregon Affordable Housing Tax Credits, and a property tax exemption. Rosa Village is planning to utilize all of these sources and incentives to pioneer a statewide, replicable model for developing limited-equity co-ops.