A groundbreaking ceremony was held Monday for new apartment complexes in Redmond. The development will provide the city with more affordable housing.
The Red Canyon Redmond apartment community will contain 67 units in Redmond and 24 units in Madras. The property will house individuals and families with household incomes at least 30%-60% less than the area median income.
Housing Works Executive Director David Brandt says about one-fourth of Redmond households make $25,000 or less a year. He says these buildings should help the growing need for affordable housing in the community.
“Rent in this Red Canyon project will be as low as like $350 for one bedroom, and it goes up to probably about $950 for three [bedrooms] for the highest income level,” said Brandt.
Funding for the development is through federal tax credits from Oregon Housing and Community Services. The buildings are expected to be completed by the end of next year.