CAPECO’s Board of Directors strives to maintain, acquire and develop affordable housing for low-income residents. Because of their commitment to affordable housing they have directed agency staff to seek opportunities where an apparent need for such housing is evident. The Board of Directors provides oversight of all developments.
CAPECO can serve as a sponsor or a partner with groups or organizations seeking to develop affordable or specialized housing in Umatilla, Morrow, Gilliam, and Wheeler counties.
CAPECO’s Housing Development Projects
Applewood Village- located at 549 NW 12th Avenue in Hermiston, Oregon. The project includes the land, buildings, and other improvements constituting 33 affordable housing units.
The Applewood Limited Partnership was formed May 1999 and will terminate no later than December 2060. This project was funded with the Low-Income Housing Tax Credit Program and HOME.
Irrigon Farm Labor Housing- is a scattered site project comprised of four duplexes located in Irrigon, Oregon built in 1994-1995. The project includes the land, buildings, and other improvements constituting 8 affordable housing units for farmworkers and their families.
Funding sources include Federal Home Loan Bank, Housing Trust Fund, Farmworker Tax Credit, Rural Economic Community Development and Bank of America.
Morrow Estates- located at 220 Anderson Circle in Boardman,Oregon. The project includes the land, buildings, and other improvements constituting 40 affordable housing units.
The initial partnership was formed in 1993 and construction of the property in 1995; CAPECO purchased the property in its entirety in 2010 with rehab of the project being completed in 2012. The project was funded wtih Oregon Housing Trust Funds and a permanent loan from Bank of Eastern Oregon.
Terwilliger Plaza- located at 245 SW 5th St. in Pendleton, Oregon. The project includes the land, buildings, and other improvements constituting 20 affordable housing units designed for people with disabilities. This project was funded in partnership with Housing and Urban Development.
For more information contact Paula Hall at 541-276-1926 or at email@example.com