WARM SPRINGS HOMES #1

OREGON

Warm Springs Homes #1 provided 35 new single-family homes on the Warm Springs Reservation in central Oregon.  The new homes were built approximately 1.5 miles south of the town of Warm Springs within the Greeley Heights subdivision of other single-family homes.

The development consists of 15 three-bedroom homes, 15 four-bedroom homes, and five five-bedroom homes, all of which include two bathrooms, full-sized washer and dryers, and attached one-car garages. All 35 homes are targeted toward households with annual incomes of up to 30 percent, 50 percent, and 60 percent of Area Median Income (AMI).

One unrestricted manager home provides housing for an employee who provides security and manages 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 was also constructed as part of the property. The community amenity includes 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 homes are located within walking distance of an innovative elementary school and a healthcare clinic. The elementary school, an 80,000-square-foot facility, provides continuous education for students from kindergarten through eighth grade. The school opened in the fall of 2014 and allows tribal students to easily walk to school and remain in their community.

Prestige Affordable Housing Equity Partners is the investor for this property. Warm Springs Homes #1 is a Travois, Inc. property.

See more about this property here.