Clover Glen Apartments
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.
|Loan - USDA RD||$820,000|
|Housing Development Grant Program||$100,000|
|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)