CU 2.0 Podcast Fast Take: SELCO Community Credit Union Takes on Affordable Housing in Oregon

The press release headline grabbed my attention: “SELCO Community Credit Union Awards $200,000 Grant to SquareOne Villages for the Development of the Rosa Village Co-Op in Eugene.”

SELCO has been on the show before, with Olivia Sorensen,Senior Community Development Specialist for SELCO, talking about SELCO Steps Up, where the credit union thoughtfully seeks to do good in its communities while addressing societal challenges.

In this latest case, SELCO - a $2.7 billion credit union based in Oregon - reached out to SquareOne Villages, which builds affordable housing and got involved with its Rosa Village project which will include 52 units. The units will house the presently unhoused as well as those who struggle to pay market rate rents.

Ingenious on the part of SELCO is that its $200,000 grant was funded to the tune of $150,000 by a grant from the Federal Home Loan Bank of Des Moines which had a 3X match program.

On the show are Sorensen who explains why SELCO is behind this as well as Amanda Dellinger, SquareOne’s Community Relations Director.

Mentioned on the show is a recent US Supreme Court decision involving the homeless and housing. There’s a link in the show notes.

Listen up.

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