1906 Cove Avenue, La Grande, OR 97850
Cove Apartments is a 20 unit HUD Section 8 family project located in La Grande, Oregon.
Cove was built in 1978 and completely rehabilitated and recapitalized in 2006. The unit mix consists of 4 one bedroom, 10 two bedroom, and 6 three bedroom units.
The average income of the current households living at Cove Apartments is less than 20% of the area median income and is currently less than $9,000 per year.
|OHCS Risk Sharing Loan||$495,000|
|Low Income Weatherization Program||$43,050|
|Housing Development Grant Program||$142,830|
|Total Project Costs||$770,380|
|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)