307 20th Avenue, La Grande, OR 97850

Thunderbird Apartments is a 40 unit HUD Section 8 family project located in La Grande, Oregon.  

Thunderbird was built in 1978 and completely rehabilitated and recapitalized in 2006. The unit mix consists of 4 one bedroom, 20 two bedroom, and 16 three bedroom units.

The average income of the current households living at Thunderbird Apartments is less than 20% of the area median income and is currently less than $8,000 per year.



Sources
HOME
$347,500
OHCS Risk Sharing Loan
$1,200,000
Low Income Weatherization Program
$107,856
Housing Development Grant Program
$100,000
Owner Funds
$89,500
Total Project Costs
$1,844,856
Federal Rental Assistance Preserved
Total Original Units of Project Based Rental Assistance
40
Total "New" Units of Project Based Rental Assistance
0
Total Units of Project Based Rental Assistance Preserved
40
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)

$6,697,200