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.



Sources
LIHTC Equity
$854,815
Loan - US Bank
$1,250,000
Loan - USDA RD
$721,248
Low Income Weatherization Program
$151,096
Deferred Development Fee
$110,998
Project Funds
$86,974
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)

$6,436,650