Bluffs at Ratcliff
3202 Bluff Street SE, Salem, OR 97302
Bluffs at Ratcliff is a 20 unit HUD Section 8 family project located in Salem, Oregon.
Bluffs at Ratcliff was originally constructed in 1978 and completely rehabilitated and recapitalized in 2015. The unit mix consists of 20 one bedroom units.
The average income of the current households living at Bluffs at Ratcliff is less than 30% of the area median income and is currently less than $12,500 per year.
|General Housing Account Program (GHAP)||$200,000|
|Low Income Weatherization Program (LIWP)||$20,000|
|Loan - Bank of Eastern Oregon||$860,000|
|Total Project Costs||$2,952,144|
|Federal Rental Assistance Preserved|
|Total Original Units of Project Based Rental Assistance||20|
|Total "New" Units of Project Based Rental Assistance||0|
|Total Units of Project Based Rental Assistance Preserved||20|
|Total Value of Project Based Rental Assistance Over 30 Years|
(for Section 8 projects based on $5,581 per unit/per year in 2012 dollars)