Iris Place affordable-housing property opening soon

The new apartment complex on River Road will add 53 units to Eugene’s affordable-housing inventory.

Posted: Nov 22, 2021 10:54 AM
Updated: Nov 22, 2021 10:57 AM

EUGENE, Ore. – St. Vincent de Paul introduced visitors on Friday to Iris Place, its newest affordable-housing property.

The new apartment complex on River Road will add 53 units to Eugene’s affordable-housing inventory. The one, two and three-bedroom units will rent for $510, $610 and $695 per month. The first residents will begin moving in around Thanksgiving. Workers are completing landscaping, site cleanup and other final tasks on the property.

“We’re happy for this project to wrap up after more than a year of construction, but more importantly, we’re excited for the new opportunities created by Iris Place for many of our low income neighbors,” said Terry McDonald, St. Vincent de Paul executive director. “There is a greater-than ever need for affordable housing in this community and this state.”

Iris Place is located at 1531 River Road to 1563 River Road. Most of the units are for households with incomes at or below 50 percent of the area median income, which is currently $35,600 for a family of four. Five units are for households at or below 30 percent of area median income, currently $14,700 for one person.

In addition, five units are set aside to provide safe, permanent housing for survivors of domestic and sexual violence who are served by the Hope & Safety Alliance.

“We are excited about this partnership with St. Vincent de Paul to help survivors find safe homes and begin to move from surviving to thriving,” said Julie Weismann, executive director of Hope & Safety Alliance.

According to a 2021 National Low Income Housing Coalition report, only 25 affordable rentals are available, on average, for every 100 qualifying households in Oregon. This puts Oregon at 48 out of all 50 states in housing availability for extremely low-income renters.

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