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.



Sources
LIHTC Equity
$7,945,034
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
Project Funds
$605,640
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)

$11,092,950