Indian Hills Apartments
1335 SW Second St., Pendleton, OR 97801
Indian Hills Apartments is a 46 unit USDA Rural Development family project located in Pendleton, Oregon.
Indian Hills was built in 1983 and completely rehabilitated and recapitalized in 2008. The unit mix consists of 18 one bedroom, 24 two bedroom units, and 6 three bedroom units.
The average income of the current households living at Indian Hills Apartments is less than 20% of the area median income and is currently less than $10,000 per year.
|Loan - US Bank||$1,250,000|
|Loan - USDA RD||$721,248|
|Low Income Weatherization Program||$151,096|
|Deferred Development Fee||$110,998|
|Total Project Costs||$3,175,131|
|Federal Rental Assistance Preserved|
|Total Original Units of Project Based Rental Assistance||21|
|Total "New" Units of Project Based Rental Assistance||26|
|Total Units of Project Based Rental Assistance Preserved||47|
|Total Value of Project Based Rental Assistance Over 30 Years|
(for RD projects based on $4,565 per unit/per year in 2012 dollars)