The Terrace at Mount Scott
10125 SE Bob Schumacher Road
Happy Valley, OR 97086
Highlights
- Out of initial compliance period
- In-unit Laundry
- Sweeping views
- Recently Updated HVAC
- Controlled Access
- Large units
- Community Garden & Community Room
- New roof in Dec 2021, warranty expires 2042
Description
The Terrace at Mount Scott is a 52 unit LIHTC property in Happy Valley, OR, providing housing for income qualifying tenants who meet 50-60% of the area median income. Conveniently located in Clackamas County, with easy access to Interstate 205, the property boasts sweeping view and offers access to restaurants, shopping, and area amenities.
The property was built and placed in service in 2006 utilizing the Section 42 Low Income Housing Tax Credit (LIHTC) program, with the competitive 9% tax credits, placing restrictions on 51 of the 52 units. Due to a Home Loan Agreement with Clackamas County, ten units were set aside to accommodate Low and High HOME units. Although out of the initial 15-year compliance period since the end of 2021, the affordable restrictions last until 2046.
Located in Happy Valley, Oregon
