Affordable Housing Projects
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 is locally owned by Evergreen Union Retirement Assoc. and was constructed in 1968. Since 1968, the building has provided 222 units dedicated to seniors aged 62 and older. 210 apartments are for seniors with very low incomes who pay no more than 30% of their income as rent. The average resident is over 76 years old and has an income of $15,910 per year.
The federal program that supported its construction and additional rent subsidies have allowed the units to remain affordable to seniors for nearly 50 years. The rehabilitation of Ya-Po-Ah Terrace will allow the continuation of federal subsidies to preserve these units as affordable housing for current and future residents.
The City of Eugene has lent $1.5 million in Community Development Block Grant (CDBG) funds for this Eugene landmark. 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.
The total construction project is nearly $30 million and 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
During the rehabilitation, tenants will be temporarily relocated to another unit within the building or to a comparable unit off-site at no cost to them. All residents will return once phased work is complete, and no one will be permanently displaced as a result of the project.
Rehabilitation will begin in early 2019. This project not only extends the life of the building, but also preserves the long-term affordability of the federal rent subsidies for future, aging Oregonians.
For more information contact Nicole Stehlar, 541-682-5309.
Market District Commons
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.