HUD FY 2008 Section 202's and 811's Selections Announced (Finally).

It took way too long , but HUD finally got around to announcing FY 2008 Section 202 and 811 selections. Press release is HERE.

Oregon received funding for ONE 202 project and THREE Section 811 properties with a total of 88 assisted units.

Summaries of these four Oregon projects are pasted below:

Section 202:

Project Location : Wilsonville, OR
Non-Profit Sponsor : Northwest Housing Alternatives, Inc.
Capital Advance : $5,535,700
Three-year rental subsidy: $463,800
Number of units : 45
Project Description :
This project will provide a total of 100 affordable apartments for
seniors: 45 units funded through the Section 202 program and 55 funded
with Low Income Housing Tax Credits. Future tenants will have affordable
rent and will be part of a conveniently located, thriving community
specifically designed for them to feel secure, remain independent and
overcome the social isolation too common among the senior population.

Section 811 - Supportive Housing for Persons with Disabilities

Project Location : Beaverton, OR
Non-Profit Sponsor : Sequoia Mental Health Services
Capital Advance : $1,862,800
Three-year rental subsidy: $147,600
Number of units : 15
Project Description :
The funds will be used to construct 14 one-bedroom units and a resident
manager's unit for very low-income persons with chronic mental illnesses.
These units will be developed as part of the new Sequoia Mental Health
Service Center in Aloha, Oregon. The first floors of the building will
be office space with the Section 811 units constructed above. The
building is in a residential and small business neighborhood with various
local service providers' offices less than a mile away.

Project Location : Grants Pass, OR
Non-Profit Sponsor : Options for Southern Oregon, Inc.
Capital Advance : $1,441,900
Three-year rental subsidy: $116,100
Number of units : 12
Project Description :
This project will consist of 11 one-bedroom apartments for very-low
income adults with chronic mental illnesses and a resident manager's
unit. Because the tenants will likely arrive with few possessions, the
apartments will be designed with many built-in features such as shelves,
desks and dining tables. A large centrally located community/meeting
room will encourage group socialization and recreation. In addition,
there will be a computer with internet access and a printer available to
all residents in a designated private area.

Project Location : Springfield, OR
Non-Profit Sponsor : Sheltercare
Capital Advance : $1,977,500
Three-year rental subsidy: $168,900
Number of units : 16
Project Description :
This project will consist of 16 one-bedroom apartments for very low-
income adults with chronic mental illnesses. It will be the first phase
of a mixed use "Urban Village" including a church, charitable and
community facilities, housing and retail. The site is between
Springfield’s downtown core and residential areas with access to the
public transit center, library, city services and shopping. The sponsor,
Sheltercare, will be providing most of the supportive services and has
extensive experience integrating populations into the community