Sisters, OR. Housing Works is excited to announce the grand opening of a new affordable property in Sisters. On Friday, April 12th, beginning at 10AM, Housing Works staff will gather with partners, sponsors, government representatives and community members to celebrate the grand opening of Ponderosa Heights. Ponderosa Heights provides 48 affordable apartments with a mix of one-, two- and three bedroom units. The new community is located on Brooks Camp Road, behind Ray’s Food Place. The affordable property is income-restricted to households making at or below 60% of the area median income with rents starting at $620.
Housing Works’ Executive Director David Brandt states, “As the affordable housing crisis in Central Oregon broadens and deepens, the urgent need to provide affordable options in our smaller towns has become more compelling. These new homes will provide some relief for 48 low-income households in Sisters that are struggling with rising rental costs.”
Ponderosa Heights, surrounded by mature ponderosa pines, is made up of 6 two-story, craftsman-style buildings on 2 lots totaling 2.12 acres. The property includes a community room, play area and rental office. The waiting list for the property, managed by EPIC Property Management, is now closed, and all 48 apartments are leased up and occupied.
The grand opening event will include speakers from state and local governments and financial partners. After a ceremonial ribbon cutting, guests will be invited to tour the property and enjoy light refreshments. Members of the public are welcome to attend the event.
In addition to Housing Works, the development team included general contractor R&H Construction, architect Doug Circosta, investor PNC Real Estate, lender Washington Federal and property manager EPIC. Ponderosa Heights was constructed using funds from Oregon Housing and Community Services’ LIFT Housing Program, 4% low income housing tax credits (LIHTC), Housing Development Grant Program funds and a grant from the City of Sisters.
Housing Works is the largest affordable housing provider in Central Oregon. It provides people with quality, safe and affordable homes; and through a number of collaborations, it provides the resources to help people stabilize their lives. Housing Works developments in Bend, Redmond, Prineville, Madras and Sisters have won awards for innovation, economic impact, design, and beautification. For more information, visit www.housing-works.org.
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