This project will construct 35 new single-family units on the Warm Springs Reservation in central Oregon. The new homes will be built approximately 1.5 miles south of the town of Warm Springs within the Greeley Heights subdivision of other single-family homes.
The project consists of 15 three-bedroom units, 15 four-bedroom units, and five five-bedroom units, all of which will include two bathrooms, full-sized washer and dryers, and attached one-car garages. All 35 housing units will be targeted toward households with annual incomes of up to 30 percent, 50 percent, and 60 percent of Area Median Income (AMI).
One unrestricted manager unit will house an employee who will provide security and manage the development. At the conclusion of the mandatory 15-year compliance period, tenants will have an opportunity to buy the homes at an affordable price and become homeowners.
A multipurpose community room will also be constructed as part of the project. The community amenity will include a small classroom/meeting area, computer workstations, a kitchen, a larger meeting area and an outdoor covered seating area. The community amenity will be built next to an existing playground and basketball court that will be available for the enjoyment of tenants of the project.
In addition to providing housing, the development is closely connected to other important services. The new homes will be located within walking distance of an innovative elementary school and a healthcare clinic. The elementary school, a $21 million 80,000-square-foot facility, will provide continuous education for students from kindergarten through eighth grade. The school is scheduled to open in the fall of 2014 and will allow tribal students to easily walk to school and remain in their community.
Prestige Affordable Housing Equity Partners is the investor for this project.
- Native Organization: Warm Springs Housing Authority
- Asset Management Client
- Environmental Services Client
- Design and Construction Features
- Date Closed with Investor: 2014
- Date Completed: 2015
- Development Type: New Construction
- Project Status: Complete
- Total Homes: 35
- Total Project Cost: $9,472,170
- Total Investor Equity: $7,374,814
- Total Grant Money: $305,966