607 SW 2nd Street, Enterprise, OR 97828

Mountain Crest Apartments is a 45 unit USDA Rural Development family project located in Enterprise, Oregon.  

Mountain Crest was built in 1972 and 1978 and completely rehabilitated and recapitalized in 2008. The unit mix consists of:  11 one bedroom and 34 two bedroom units.

The average income of the current households living at Mountain Crest Apartments is less than 20% of the area median income and is currently less than $10,500 per year.



Sources
HOME
$891,915
Loan - USDA RD
$1,489,172
Low Income Weatherization Program
$219,860
Housing Development Grant Program
$100,000
Owner Funds
$5,242
Total Project Costs
$2,706,189
Federal Rental Assistance Preserved
Total Original Units of Project Based Rental Assistance
44
Total "New" Units of Project Based Rental Assistance
0
Total Units of Project Based Rental Assistance Preserved
44
Total Value of Project Based Rental Assistance Over 30 Years
(for RD projects based on $4,565 per unit/per year in 2012 dollars)

$6,025,800