Grants Pass - 1051 E Park Street, Grants Pass, OR 97526
Sandy - 39665 Evans Street, Sandy, OR 97055
Talent - 220 Holiday Lane, Talent, OR 97540

Holiday Garden Apartments is a 208 unit USDA Rural Development senior and disabled project located in Grants Pass, Sandy, and Talent, Oregon.  

Holiday Garden was built in 1991 (Grants Pass) and 1988 (Sandy and Talent) and completely rehabilitated and recapitalized in 2016. The unit mix consists of 204 one bedroom and 4 two bedroom units.

The average income of the current households living at Holiday Garden Apartments is less than 25% of the area median income and is currently less than $13,000 per year.



Sources
LIHTC Equity
$6,089,301
Energy Tax Credits
$386,842
Loan - Housing Preservation Fund
$6,245,000
Loan - Bellwether Capital
$2,350,000
Loan - USDA RD
$6,327,028
Deferred Developer Fee
$329,715
Project Funds
$652,842
Total Project Costs
$22,380,728
Federal Rental Assistance Preserved
Total Original Units of Project Based Rental Assistance
167
Total "New" Units of Project Based Rental Assistance
0
Total Units of Project Based Rental Assistance Preserved
167
Total Value of Project Based Rental Assistance Over 30 Years
(for RD projects based on $4,565 per unit/per year in 2012 dollars)

$22,870,650