Preserving Orchard Park Apartments
Orchard Park Apartments is a former low-income development which recently aged out of its affordability term of 30 years. Because of this, Salem Housing Authority had identified this property as a priority for preservation efforts.
Salem Housing authority was able to establish a Special Limited Partnership Agreement between Orchard Park Preservation Partners Limited Partnership to acquire and operate the 224-unit complex located at 4100 Kacey Circle Northeast to serve low-income households. This project previously left affordability on 12/31/2021 and with SHA’s partnership will assist to bring this project back into affordability serving clients at or below 80% Area Median Income.
In 2021, Orchard Park had a fire that affected 21 units. Construction work will begin on the 21 units impacted by the fire with an aim available this fall 2023.
Project Design: The general contractor and architectural firm have met on site and the project will use environmentally friendly materials, considering trauma informed design, to create a sense of community and ownership.
The Landscape will incorporate ecofriendly native plants an provide visual appealing property along the I-5 corridor.
This project has been made possible through funding from Oregon Housing and Community Services, the Enterprise Preservation Fund, Deutsche Bank, and Aberdeen Capital.
Prospective tenants interested in leasing can contact Orchard Park at orchardparkapts@cirrusami.com.
News Release: City of Salem news via FlashAlert.Net
If you have any questions:
CONTACT:
Sarah Baldwin, Public Information Officer
Email: communications@salemhousingor.com