La Grande Retirement Apartments
1612 7th Street, La Grande, OR 97023
La Grande Retirement Apartments is a 46 unit HUD Section 8 Senior & Disabled project located in La Grande, Oregon.
La Grande Retirement was built in 1981 and completely rehabilitated and recapitalized in 2010. The unit mix consists of: 2 studios and 44 one bedroom units.
The average income of the current households living at La Grande Retirement Apartments is less than 20% of the area median income and is currently less than $11,000 per year.
|General Housing Account Program||$940,002|
|OAHTC Loan - Bank of Eastern Oregon||$1,075,000|
|Deferred Development Fee||$10,058|
|Total Project Costs||$4,872,511|
|Federal Rental Assistance Preserved|
|Total Original Units of Project Based Rental Assistance||45|
|Total "New" Units of Project Based Rental Assistance||0|
|Total Units of Project Based Rental Assistance Preserved||45|
|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)