713 12th Street, La Grande, OR 97850

La Grande Plaza Apartments is a 21 unit HUD Section 8 family project located in La Grande, Oregon.  

La Grande Plaza was originally constructed in two phases in 1978 and 1981 and completely rehabilitated and recapitalized in 2015. The unit mix consists of 11 two bedroom, and 10 three bedroom units.

The average income of the current households living at La Grande Plaza Apartments is less than 20% of the area median income and is currently less than $7,753 per year.



Sources
HOME
$1,140,000
General Housing Account Program (GHAP)
$435,000
Loan - Bank of Eastern Oregon
$870,000
Total Project Costs
$2,445,000
Federal Rental Assistance Preserved
Total Original Units of Project Based Rental Assistance
21
Total "New" Units of Project Based Rental Assistance
0
Total Units of Project Based Rental Assistance Preserved
21
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)

$3,516,030