Cascade Landing Will Open 98 Housing Units in Bend
The affordable housing community opens on October 15, introducing new residential capacity to the local market.
Updated on Oct. 13, 2026 in Openings & Closings
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The Cascade Landing development will hold its grand opening on October 15 in Bend. This phase adds 98 one-, two-, and three-bedroom units to the local housing supply, with residents meeting specific income eligibility criteria.
Why it matters
The project addresses a critical need for workforce housing in the city, providing a significant increase in inventory through a public-private funding partnership. It represents a large-scale attempt to manage regional affordability through targeted unit development.
The development includes 98 units in its first phase, with 20 units reserved for households at 30% of the Area Median Income and the remainder at 60%. The project is supported by a $35 million grant from the Oregon Housing and Community Services Local Innovation Fast Track award.
The players
City of Bend
The local municipal government responsible for urban planning, land annexation, and development oversight.
Green Light Development
A private real estate firm focused on residential development and construction management.
Oregon Housing and Community Services
The state agency tasked with financing and regulating affordable housing initiatives.
Cornerstone Community Housing
A nonprofit provider that manages residential support services and property operations.
Baney family
Local stakeholders and private partners involved in the development of the housing community.
The details
Located at Atwood Drive and Ponderosa Street, the site occupies part of a 40-acre parcel annexed by the City of Bend in early 2025. The facility features a 3,000-square-foot community center and includes support services for rent, utilities, and counseling managed by Cornerstone Community Housing. The full project, a collaboration between the city, Green Light Development, and the Baney family, is slated to reach nearly 400 total units and a 4.5-acre park upon completion.
Timeline
Early 2025: The City of Bend annexed the development site.
October 15, 2026: Grand opening event for Cascade Landing.
2027: Projected completion of phase two.
Market Landscape
This development follows the funding framework established by the Oregon Housing and Community Services Local Innovation Fast Track award. The project aligns with regional trends aimed at integrating high-density affordable housing into newly annexed land.
Business owners in the area should track how this 400-unit residential expansion impacts local labor availability and workforce stability. Increased local density often shifts service demand and local transit utilization, making the project a key indicator for regional infrastructure needs.
The takeaway
The addition of nearly 400 housing units signals an evolving density pattern in Bend that will alter the local customer base and workforce availability. Operators should monitor the 2027 completion date for phase two as a milestone for when additional housing capacity will reach full operational status.
What happens next
Phase two of the Cascade Landing project is scheduled for completion in 2027, which will add another 96 residential units to the site.
Further reading
For more on local business expansion, read our Openings & Closings section.
Source note: This article includes information reported by Cascade Business News.
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