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.
|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|
|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)