The Greens at Montclair - 141 W Broadway, Milton-Freewater, OR 97862
The Greens at Ridings - 511 Ridings Avenue, Molalla, OR 97038

The Greens is a 58 unit HUD Section 8 mixed-use project located in Milton-Freewater (senior/diabled) and Molalla (family), Oregon.  

The Greens was originally constructed in 1978 (The Greens at Montclair) and 1981 (The Greens at Ridings) and completely rehabilitated and recapitalized in 2019. The unit mix consists of 24 one bedroom, 19 two bedroom, and 15 three bedroom units.

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



Sources
LIHTC Equity
$7,762,297
HOME$500,000
General Housing Account Program (GHAP)
$200,000
Low Income Weatherization Program (LIWP)
$8,560
Energy Trust of Oregon Incentives
$22,090
Loan - Network for Oregon Affordable Housing (NOAH)$3,150,000
Project Funds
$26,720
Total Project Costs
$11,669,667
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 Section 8 projects based on $5,581 per unit/per year in 2012 dollars)

$9,710,940