Through the federal Community Development Block Grant program, the City of Eugene offers low interest loans to repair eligible rental properties. Applications for the Rental Rehabilitation Loan Program are being accepted based on funding availability and staffing.
Housing must be within the Eugene city limits
Applicant must have an ownership interest in the property
Property taxes paid current
Rents are affordable and likely to remain affordable to low-income tenants. Priority is given to properties with multiple rental units
The replacement of at least one major component (HVAC, Electrical, Plumbing or Roof) is required for program eligibility
In FY 2022, Cornerstone Community Housing completed exterior improvements at Prairie View Apartments, which provides 63 affordable units of various sizes to families, seniors, and disabled persons at or below 60% of area median income, plus one on site manager unit.
Evergreen Union Retirement Apartments received a rehabilitation loan for 221 units, plus an on-site manage unit, located downtown. These apartments are dedicated for people aged 62 years and older. Residents pay 30% of their income. Federal rent subsidies for 210 units are dedicated to low‐ and very low‐ income seniors who earn up to 50% of area median income. Rehabilitation Loan funds were used to provide gap financing for the substantial rehabilitation project. The preservation was only possible with a combination of federal, state, and local resources.