Madras, OR. Housing Works is excited to announce the grand opening of a new affordable property in Madras. On Friday, August 20th, beginning at 8AM, Housing Works staff will gather with partners, sponsors, government representatives and community members to celebrate the grand opening of Rolling Sage. Rolling Sage provides 23 affordable, two-bedroom apartments with lots of natural light and nicely equipped with modern amenities. The new community is located at 246 NE Jefferson St., next to Canyon East Apartments. The affordable property is income-restricted to households making at or below 60% of the area median income (AMI) with rents starting at $625. Seven units are further subsidized to reach households making at or below 30% AMI with rents starting at $255.
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 are providing some relief for 23 low-income households in Madras that are struggling with rising rental costs.”
Rolling Sage is made up of 2 three-story, craftsman-style buildings on a 1.38 acre site. The property includes a nicely furnished community room for residents to use and the City of Madras has plans to build a city park on adjacent land donated by Housing Works. The waiting list for the property, managed by EPIC Property Management, is now closed, and all 23 apartments are leased up and occupied.
The grand opening event will include speakers from local government 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, Pinnacle Architecture, investor PNC Real Estate, lender Washington Federal and property manager EPIC. Rolling Sage was constructed using funds from Oregon Housing and Community Services’ LIFT Housing Program, 4% low income housing tax credits (LIHTC), and was built on land owned by Housing Works.
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.