Pacific Park Apartments
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.
|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|
|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)