Beaver State Apartments
Cascade Valley Apartments - 455 W. Marquam Street, Mt. Angel, OR 97362
Montebello Apartments - 29800 SW Montebello Drive, Wilsonville, OR 97070
Spyglass Apartments - 950 SW 32nd Street, Lincoln City, OR 97367
Stratford Apartments - 585 Clay Street, Ashland, OR 97520
Willamina Villa Apartments - 320 NE 1st Street, Willamina, OR 97396
Beaver State Apartments is a 242 unit USDA Rural Development family project located in Mt. Angel, Oregon, Wilsonville, Oregon, Lincoln City, Oregon, Ashland, Oregon, and Willamina, Oregon.
Beaver State is comprised of five separate properties which includes Cascade Valley Apartments which was built in 1978, Montebello Apartments which was built in 1985, Spyglass Apartments, which was built in 1985, Stratford Apartments which was built in 1985, and Willamina Villa Apartments which was built in 1980. All five properties were completely rehabilitated and recapitalized in 2011.
The average income of the current households living at Beaver State Apartments ranges from 10% to 30% of the area median income.
|OHCS Risk Sharing Loan||$9,224,000|
|Low Income Weatherization Program||$645,300|
|Loan - USDA RD||$4,975,644|
|Housing Preservation Funds||$10,040,298|
|Deferred Development Fee||$761,681|
|Total Project Costs||$31,706,752|
|Federal Rental Assistance Preserved|
|Total Original Units of Project Based Rental Assistance||146|
|Total "New" Units of Project Based Rental Assistance||79|
|Total Units of Project Based Rental Assistance Preserved||225|
|Total Value of Project Based Rental Assistance Over 30 Years|
(for RD projects based on $4,565 per unit/per year in 2012 dollars)