Brookside Apartments - 933 N Rose Street, Phoenix, OR 97535

Rose Apartments - 1108 NE Rose Street, Phoenix, OR 97535

Brookside Rose Apartments is a 76 unit USDA Rural Development senior and disabled project located in Phoenix, Oregon.  

Brookside Rose was originally constructed in 1987 and completely rehabilitated and recapitalized in 2015. The unit mix consists of 76 one bedroom units.

The average income of the current households living at Brookside Rose Apartments is less than 50% of the area median income and is currently less than $8,000 per year.



Sources
LIHTC Equity
$7,667,000
Loan - USDA RD
$2,611,833
Loan - US Bank
$500,000
Loan - MPower/Energy Trust of Oregon
$151,147
Project Funds
$122,541
Total Project Costs
$11,052,521
Federal Rental Assistance Preserved
Total Original Units of Project Based Rental Assistance
55
Total "New" Units of Project Based Rental Assistance
0
Total Units of Project Based Rental Assistance Preserved
55
Total Value of Project Based Rental Assistance Over 30 Years
(for RD projects based on $4,565 per unit/per year in 2012 dollars)

$7,532,250