Canby - 621 N Douglas, Canby, OR 97013
Sherwood - 21961 SW Sherwood Blvd, Sherwood, OR 97140

Pacific Park Apartments is a 68 unit USDA Rural Development senior and disabled project located in Canby and Sherwood, Oregon.  

Pacific Park was originally constructed in 1979 (Sherwood) and 1982 (Canby) and completely rehabilitated and recapitalized in 2017. The unit mix consists of 60 one bedroom and 8 two bedroom units.

The average income of the current households living at Pacific Park Apartments is less than 30% of the area median income and is currently less than $14,500 per year.



Sources
LIHTC Equity
$6,664,059
General Housing Account Program (GHAP)
$200,000
Low Income Weatherization Program
$60,000
Energy Incentives - Canby PUD$40,000
Loan - US Bank
$3,200,000
Loan - USDA RD$563,129
Project Funds
$174,442
Total Project Costs
$11,424,955
Federal Rental Assistance Preserved
Total Original Units of Project Based Rental Assistance
58
Total "New" Units of Project Based Rental Assistance
0
Total Units of Project Based Rental Assistance Preserved
58
Total Value of Project Based Rental Assistance Over 30 Years
(for RD projects based on $4,565 per unit/per year in 2012 dollars)

$7,943,100