Timber Grove Apartments
Estacada Village Apartments - 855 NE Hill Way, Estacada, OR 97023
Firwood Village Apartments - 39501 Evans Street, Sandy, OR 97055
Timber Grove Apartments is a 72 unit USDA Rural Development family project located in Estacada, Oregon and Sandy, Oregon.
Timber Grove is comprised of two separate properties which includes Estacada Village Apartments which was built in 1980 and Firwood Village Apartments which was built in 1985. Both properties were completely rehabilitated and recapitalized in 2012.
The average income of the current households living at Timber Grove Apartments is less than 30% of the area median income.
|General Housing Account Program||$70,895|
|Loan - US Bank||$1,675,000|
|Loan - USDA RD||$1,777,096|
|Deferred Development Fee||$0|
|Total Project Costs||$11,089,992|
|Federal Rental Assistance Preserved|
|Total Original Units of Project Based Rental Assistance||46|
|Total "New" Units of Project Based Rental Assistance||0|
|Total Units of Project Based Rental Assistance Preserved||46|
|Total Value of Project Based Rental Assistance Over 30 Years|
(for RD projects based on $4,565 per unit/per year in 2012 dollars)