Crest Apartments - 244 N 14th Street, St. Helens, OR 97051
Norcrest Apartments - 184 Bradley Street, St. Helens, OR 97051
Woodland Trail Apartments - 345 N 16th Street, St. Helens, OR 97051

Big River Apartments is an 83 unit USDA Rural Development family project located in St. Helens, Oregon.  

Big River was originally constructed in 1976 (Crest), 1977 (Norcrest), and 1979 (Woodland Trail) and completely rehabilitated and recapitalized in 2016. The unit mix consists of 20 one bedroom, 56 two bedroom, and 6 three bedroom units.

The average income of the current households living at Big River Apartments is less than 15% of the area median income and is currently less than $10,500 per year.



Sources
LIHTC Equity
$8,365,163
General Housing Account Program
$200,000
Loan - US Bank
$1,625,000
Loan - USDA RD
$3,071,720
Project Funds
$115,797
Total Project Costs
$13,377,680
Federal Rental Assistance Preserved
Total Original Units of Project Based Rental Assistance
79
Total "New" Units of Project Based Rental Assistance
0
Total Units of Project Based Rental Assistance Preserved
79
Total Value of Project Based Rental Assistance Over 30 Years
(for RD projects based on $4,565 per unit/per year in 2012 dollars)

$10,819,050