Country Village Associates
15810 Ne Sandy Boulevard
Portland, Multnomah County, Oregon 97230

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Funding Programs

Country Village Associates was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 1989 for $445,887 with a 10 year value of $4,458,870. The property was placed in service in 1990. 144 of 144 units at Country Village Associates are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

Country Village Associates is an affordable apartment community located in Portland, Oregon which is located in Multnomah County. The property is located in Oregon's 3rd Congressional District served by Representative Earl Blumenauer (D), Senator Ron Wyden (D) and Senator Jeff Merkley (D).

Country Village Associates is an apartment community containing 144 rental units. This property serves all family types. The property contains 301 bedrooms and based on typical apartment occupancy limits, Country Village Associates is home to not more than 602 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

Country Village Associates contains a mix of 144 assisted two and three bedroom apartments for rent. There are 131 Two Bedroom and 13 Three Bedroom apartments in this property. The unit mix is 91% Two Bedroom and 9% Three Bedroom apartment rentals. The average bedroom size for Country Village Associates is 2.09.

Oregon's 3rd

Congressional District

144

Total Units

144

Tax Credit Units

Two and Three

Unit Mix

2.09

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data