OUR COASTAL VILLAGE INC

Programs

1. Chestnut management llc, wholly owned by our coastal village, inc., is developing a 4-classroom, 5,500-square-foot early learning center adjacent to the elm park apartments in florence, oregon. Construction began on december 1, 2025, and will be completed on july 31, 2026. School begins september 8, 2026. Head start of lane county will offer head start programming in two classrooms; stepping stones center for early learning, llc, will provide fee-for-service early learning in the other two classrooms. Children residing at elm park apartments will have a preference for early learning at elm park early learning center.

   $204,660 spentof which $33,000 as grants$764,380 earned by the program
   75% of program spending

2. Our Coastal Village Inc is developing a 32-unit affordable rental project in florence, oregon, known as elm park apartments. Construction began in june 2025 and will be completed in 2026. 16 units will be set aside for households at or under 60% of area median income. The other 16 units will be available to families at or under 30%, 40%, or 50% of area median income. Siuslaw childcare friends, a 501(c)(3) organization with a childcare mission, will provide financial aid that will allow residents of elm park apartments to access the stepping stones early learning that they could not otherwise afford.

   $68,220 spentof which $11,000 as grants$254,793 earned by the program
   25% of program spending

3. Development and operation of a 24-unit lihtc affordable rental housing complex in florence, oregon, known as oak manor apartments, of which six units will be available to households earning at or under 30% of area median income; and eighteen units will be available to households earning at or under 60% of area median income. Construction ended 2-28-24 and the property was 100% leased and occupied by 6-30-24.

4. Supervision of an affordability covenant applicable to seven townhouse units owned by persons earning at or under 80% of area median income. All future buyers or tenants must meet the income eligibility. Resale prices cannot exceed the price paid plus 2% per year for each full year of ownership. Operation of a 21-unit lihtc affordable workforce housing development through fisterra gardens townhomes lp, a limited partnership in which our coastal village, inc., is the general partner. The project was completed in 2019. All units are set aside for households earning not more than 60% of area median income. Since completion, all units have been rented to eligible households. The partnership reports its income and expenses and ocv's share is reported on later schedules.

The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $272,880.