The Meadowbrook II apartment complex on East Highway 26 in John Day is getting a major face lift that will present a whole new look – for outsiders and insiders alike. Warm, sunny weather helped kick off the project last week.
Boise-based Northwest Real Estate Capital Corp. began managing the Meadowbrook II housing complex in 2001 and acquired the property through bankruptcy in 2012, project developer John Vance said.
“Meadowbrook II has provided John Day and Grant County with an affordable housing option since 1980, but has not received any significant renovations over that time,” Vance said. “This rehab project will ensure Meadowbrook II continues to serve this community for another 37 years, if not more.”
Meadowbrook II has 19 units ranging from studio apartments to three-bedroom units. All residents are income-restricted, Vance said. The company will pay the motel expenses of residents who stay in motels during the renovation and provide a stipend for those who choose to stay with relatives or friends. The residents also receive a meal voucher, he said.
The apartment complex was given a 94b score by the U.S. Housing and Urban Development’s Real Estate Assessment Center in October 2012. A score of 90-100 means the complex was inspected every three years, and the suffix “b” means non-life threatening health and safety deficiencies were noted.
Funding for the $3.15 million project became available after PNC Bank purchased a number of tax credits.
“That is one vehicle to fund this kind of project,” Vance said.
Funding also included a low-interest loan from HUD’s HOME Investment Partnership Program and a General Housing Account Program grant through Oregon Housing and Community Services. The remainder was self-financed by Northwest Real Estate, Vance said.
Meadowbrook II is slated for a thorough renovation, including new windows and doors, new roofs and siding, some electrical and plumbing improvements, all new bathroom and kitchen fixtures and cabinets and many appliances replaced, Vance said.
One unit will be remodeled to be ADA-compliant for a tenant with mobility impairments. Residents share a laundry facility in the community building, which will house a new computer room for the residents. If the company is unable to obtain a grant or gift, it will provide the computer equipment, Vance said.
The steel mansard-style roof will be kept but repainted, Vance said. Balconies and decks will be repaired or replaced as necessary. The T1-11 plywood siding at Meadowbrook II is weathered, with peeling paint, and will be covered with building wrap and re-sided with colored Hardie Board cement-based siding. New vinyl double-pane high-efficiency windows also will be installed.
“The four-color scheme for the exterior will include heather moss and mountain mist for the siding and trim,” Vance said. “Two different shades of green.”
CSDI Construction of Boise is the general contractor, and CSHQA of Boise is the project architect. More than a third of the workers are local, Vance said.
“Both companies have worked with us on projects across Oregon,” Vance said. “CDSI does a good job of locating local subcontractors. They also did extensive advertising, and I spoke with City Manager Nick Green about the project.”
Vance said the renovation should be completed by the end of the year.
“Tenants will see a significant difference in their units, from the kitchen cabinets and counters to the new windows and doors,” Vance said. “Meadowbrook II will look and feel brand new, inside and out.”
Northwest Real Estate was founded by Brad Elg, a lifelong Idaho resident and Navy veteran. The 501(c)(3) Idaho corporation owns apartment complexes across Idaho and Oregon and provides affordable housing for 973 families, according to its website. It also owns or manages properties in Alaska, Arizona, Montana, Nevada and Wyoming.
“Through significant rehabilitation, averaging $36,881 per unit, the economic useful life of these multifamily apartment complexes is extended at least 30 years,” the company’s website states.
Project costs have totaled $96.2 million, supported by $48.7 million in permanent financing and $36.3 million from investors, the company’s website states. Northwest reinvests its capital into its properties and uses preservation grants to make up the difference in financing, the website states.
“Our investment represents the best form of green building – recycling a valuable resource at a cost far less than a new building project,” the website states.