I have put together an Excel workbook of known 202's in Oregon since the start of the Section 202 program.
This listing shows a total of 3,301 units, in 83 Section 202 projects across Oregon.
With regard to first project, Samaritan Village, the database shows a mortgage amount of $1.062,000 for 84 units, or $12,643 per unit, at an interest rate of 3.625%, with the HUD mortgage in place in place until October 2014.
Look first at the READ ME worksheet for more details about the kinds of 202 projects included in the Excel workbook HERE.
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Next Wednesday marks the 50th Anniversary of the housing legislation that created the HUD Section 202 Elderly program, one of the most successful programs HUD has ever had.
In Oregon the FIRST HUD 202 project was Samaritan Village in Corvallis. This 84 unit project was first approved by HUD in October 1965, and initial occupancy occurred in March of 1967. Some links for that project:
A GAO website with background materials related to the original 1959 legislation is HERE.
Originally created and posted on the Oregon Housing Blog.
PS. I have ONE more LOCAL housing anniversary coming up shortly. Don't even try to guess....
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