Oregon 202 Secures Senior Project Rental Assistance Contract Award

On December 17, 2013, HUD announced $14.8 million in new Rental Assistance contracts to be used to preserve HUD 202 Senior Housing Developments. Westmoreland’s Union Manor in Portland was awarded 84 new units under HUD’s first Senior Project Rental Assistance Contract (SPRAC) NOFA. Congratulations to Union Labor Retirement, Manor Management Services and the Housing Development Center for their successful application. Westmoreland’s Union Manor has served Portland area seniors for nearly 50 years and will soon be fully renovated and refinanced using 4% LIHTC and an FHA 221(d)(4) Sub Rehab loan.
The HUD announcement about the SPRAC awards is here.

— Posted on 12/27/2013