Northwest Housing Alternatives of Milwaukie, Ore., announced last week that it has finalized permanent funding sources for the Siuslaw Dunes Apartments. At a cost of $2.5 million, the agency acquired the property with aid from federal low-income housing and Oregon affordable housing tax credits, Oregon Housing and Community Services Trust Fund, a “green grant” provided by Network for Oregon Affordable Housing, Enterprise Community Partners and Meyer Memorial Trust.
The 45-unit complex, located on 43rd Street, makes housing available to families whose average household income is less than $10,000 a year. Currently it houses about 65 residents.
Tim Collier, director of resource development, Northwest Housing Alternatives, said that the agency plans to start rehabilitating the property, focusing on interiors, windows, heating and improvements for residents with special needs. Rehab will not start, however, until the funding comes through.
NHA distributed letters to Siuslaw Dunes tenants in April explaining the anticipated changes in ownership, and expected the sale to be finalized this month. The rehabilitation and repair schedule should be completed next year.
Collier also said there will be no increase in rent payments.
A resident services program will be added to Siuslaw Dunes to provide information and referral services, eviction prevention, emergency food boxes, education programs and community-building events. For the complete article see the 06-16-2012 issue.
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