203 N. Storie, Wallowa, OR 97885

Leisure Way Apartments is an 8 unit HUD Section 8 Senior & Disabled project located in Wallowa, Oregon.  

Leisure Way was built in 1981 and completely rehabilitated and recapitalized in 2011. The unit mix consists of 7 one bedroom and 1 two bedroom units.

The average income of the current households living at Leisure way Apartments is less than 20% of the area median income and is currently less than $10,000 per year.



Sources
Loan - Bank of Eastern Oregon
$190,000
General Housing Account Program
$200,000
Housing Preservation Funds
$68,300
Project Funds
$112,336
Total Project Costs
$570,636
Federal Rental Assistance Preserved
Total Original Units of Project Based Rental Assistance
8
Total "New" Units of Project Based Rental Assistance
0
Total Units of Project Based Rental Assistance Preserved
8
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)

$1,339,440