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<br /> i v <br /> ERIC JONES <br /> PUBLIC WORK5 <br /> CITY HALL II - 4TH FLOOR <br /> PRESS RELE SE <br /> To be Releas don August 18, 1995 <br /> i <br /> For further inf rmation, contact: James R. McCoy Housing Authority and Community <br /> Services Agency (503) 687-3755 <br /> Richie Weinman City of Eugene Planning and <br /> Development (503) 687-5533 <br /> Catherine Such Oregon Equity Fund (503) 226-3062 <br /> i <br /> WALNUT PARK DUPLEXES SET TO OPEN AUGUST 25, 1995 <br /> August 25th i the official opening date for the Walnut Park Duplexes, a 32-unit affordable housing <br /> duplex proje t (16 two-bedroom and 16 three-bedroom townhouse units) in Eugene, Oregon. <br /> Located in nic surroundings in the River Road area, Walnut Park will provide safe, decent, and <br /> affordable ho sing for Lane County families with incomes at or below 50% of median. According <br /> to Eugene-S 'ngfield housing plans, a family of four with an annual income of $17,400 would be <br /> considered ve low-income in Lane County. An open house and dedication ceremony is officially <br /> set for Augus 25th, 1995 from 10:00 - 12:00 a.m. Walnut Park is located near the intersection of <br /> North Park d Hatton Streets in Eugene. <br /> The Housing Authority and Community Services Agency (HACSA) is the developer and general <br /> partner for the project. Thetwo-bedroom units will rent for $295 per month and the three-bedroom <br /> units at $365, levels much lower than market rates for similar units in the community. In addition, <br /> HACSA will a cept up to eight families from the local emergency shelter system who are receiving <br /> services intend d to assist them toward self-sufficiency. HACSA has established relationships with <br /> nonprofit ag cies, including Lane ShelterCare and Catholic Community Services, who will <br /> administer se sufficiency programs for the eight families selected for these units. <br /> The financing for Walnut Park represents the kind of partnership between Oregon's public and <br /> private secto necessary to construct affordable housing today: Centennial Bank of Eugene <br /> provided co ction and bridge financing. The Network for Oregon Affordable Housing (NOAH) <br /> is the source o the permanent financing. The City of Eugene carved out the work to subdivide the <br /> overall propert ,purchased the project site with Community Development Block Grant funds, and <br /> Page 1 of 3 <br /> <br />