West Alameda

833 Alameda Drive, Ontario, OR 97914
Status: Closed
Year Built: 1974
Price: UNPRICED
# of Units: 32
Rentable SF: 21,896

Quick Stats:

  • Located Close to Shopping, Restaurants, Schools, and other Area Amenities
  • 2.9 Miles to Walmart
  • Section 42 LIHTC Property with a HAP Contract

Description:

West Alameda Apartments is a 32-unit affordable housing community located in Ontario, OR operating under multiple income and rent restrictions. These include LIHTC restrictions and a HAP contract. Within blocks of the property you’ll find parks, shopping, restaurants, schools, and easy access to Interstate 84.

West Alameda was built in 1974 and rehabbed and placed into service in 2006 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place with Oregon Housing and Community Services (OHCS) which requires all units to be rented to income qualifying tenants earning no more than 60% of the Area Median Income. The property is still within its initial tax credit compliance period. In addition, there is a HAP contract in place that covers 22 units with a beginning date of April 1, 2015 and runs for a period of 20 years.

Residents benefit from amenities including an on-site laundry facility, playground, leasing office, full appliance package, patio/ balcony, and extra storage.

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