Big Valley Apartments
Jacksonville - 556 G Street, Jacksonvile, OR 97530
Sutherlin - 1350 E 1st Avenue, Sutherlin, OR 97479
Big Valley Apartments is a 82 unit USDA Rural Development senior and disabled project located in Jacksonville and Sutherlin, Oregon.
Big Valley was originally constructed in 1981 (Sutherlin) and 1988 (Jacksonville) and completely rehabilitated and recapitalized in 2018. The unit mix consists of 68 one bedroom and 14 two bedroom units.
The average income of the current households living at Pacific Park Apartments is less than 25% of the area median income and is currently less than $11,500 per year.
|General Housing Account Program (GHAP)||$500,000|
|Low Income Weatherization Program||$82,001|
|Community Investment Fund (CIF)||$300,000|
|Loan - Western Trail||$270,000|
|Loan - USDA RD||$2,720,428|
|Loan - Energy Trust of Oregon||$10,371|
|Deferred Development Fee||$314,801|
|Total Project Costs||$12,748,275|
|Federal Rental Assistance Preserved|
|Total Original Units of Project Based Rental Assistance||81|
|Total "New" Units of Project Based Rental Assistance||0|
|Total Units of Project Based Rental Assistance Preserved||81|
|Total Value of Project Based Rental Assistance Over 30 Years|
(for RD projects based on $4,565 per unit/per year in 2012 dollars)