2212 Cove Avenue, La Grande, OR 97850

Clover Glen Apartments is a 42 unit USDA Rural Development Senior and Disabled project located in La Grande, Oregon.  

Clover Glen was built in 1980 and completely rehabilitated and recapitalized in 2000.  The unit mix consists of 29 one bedroom and 4 two bedroom units.

The average income of the current households living at Clover Glen Apartments is less than 23% of the area median income and is currently less than $12,100 per year.



Sources
HOME
$800,000
Loan - USDA RD
$820,000
Housing Development Grant Program
$100,000
HELP
$75,000
Total Project Costs
$1,795,000
Federal Rental Assistance Preserved
Total Original Units of Project Based Rental Assistance
38
Total "New" Units of Project Based Rental Assistance
0
Total Units of Project Based Rental Assistance Preserved
38
Total Value of Project Based Rental Assistance Over 30 Years
(for RD projects based on $4,565 per unit/per year in 2012 dollars)

$5,204,100