Central Oregon Awarded $3.89M for Affordable Housing. The real estate market has declined and rent rates are lower across Central Oregon, but the need for affordable housing is still in high demand.
According to an article in todays Bend Bulletin, the state housing agency has awarded approximately $3.89 million in grants, tax credits and loans to contractors in an effort to repair and add additional affordable hosing in the area. These funds will help maintain section 8 housing through out Central Oregon including Quimby Apartments in Bend, the High Desert Commons Project in Redmond and Grasshopper Village in Prineville.
This is good news for the more than 78,000 low-income rental households in Crook, Deschutes and Jefferson counties.
Read the whole article - Affordable housing gets a boost on the Bend Bulletin online.