Mountain Crest Apartments
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.
|Loan - USDA RD||$1,489,172|
|Low Income Weatherization Program||$219,860|
|Housing Development Grant Program||$100,000|
|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)