The City of Eugene seeks to create a range of stable, safe, and affordable housing opportunities for area residents through a suite of funding, programs, and supportive policies. Eugene programs provide financial and regulatory incentives for the development of permanent, transitional and emergency housing by primary nonprofit partner organizations. City programs are guided through the Eugene-Springfield 2015 Consolidated Plan. Through the investments of the City of Eugene and many other organizations, our community has created over 3000 units of permanent affordable housing.
Explore below to read more about the City's recent affordable housing developments and rehabilitation projects.
Ya-Po-Ah Terrace Retirement Apartments (locally owned by Evergreen Union Retirement Apartments, EURA, Inc.) is comprised of 222 units for people 62 years of age and older. The building was constructed in 1968 with funds provided by HUD. Most of the units receive federal rent subsidies for low and very low income seniors. The average resident income is $15,910, which is 30% of Area Median Income.
To learn more about the non-profit owner, EURA, Inc. please visit their website Opens a New Window. .
The owner has applied to the City of Eugene for $1.5 million in Community Development Block Grant (CDBG) funds for the project. Additional, leveraged resources include FHA loan, 4% and 9% Low-Income Housing Tax-Credit, equity, tax-exempt bonds, and gap financing from the State of Oregon.
Construction is anticipated to start Fall 2018 includes:
· Replacing the building’s skin with highly-insulated roof, walls, and windows
· Updating interior LED lighting, plumbing fixtures, and mechanical systems
· Creating additional ADA parking spaces and route to building entrance
This project preserves the vital units of affordable housing, while leveraging various resources to keep this community asset for future generations.
Funding has been tentatively awarded to the Market District Commons development, owned by Homes for Good. Regulatory compliance is underway.
Please check back for more information.