KEARNEY PLAZA HOMES

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Download Kearney_Plaza_Kearny_NE_Marketing_Package.pdf
KEARNEY PLAZA HOMES
  • Located Close to Schools, Restaurants, and Retail
  • Built & Placed into Service in 2006
  • 1.4 Miles to University of Nebraska Kearney
  • Kearney Unemployment Rate at 2.2% as of April 2016

2815 West La Platte Road
Kearney, NE 68845

  • Status: Closed
  • Price: $900,000
  • # of Units: 16
  • Rentable SF: 19,200
  • Price per Unit: $56,250
  • Price per SF: $46.88
  • Year Built: 2006
  • # of Buildings: 16
  • # of Stories: 1
  • Download Marketing Package:
  • Description:

    • Kearney Plaza Homes is a 16-unit affordable housing community located in Kearney, NE. The property was built and placed into service in 2006 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. Kearney Plaza Homes is conveniently located near public schools, parks, shopping, and restaurants.

      There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 60% of Area Medium Income (AMI) limits, which are provided by the Nebraska Investment Finance Authority (NIFA). The property also has an agreement with NIFA to provide the Crown Program, a lease-to-own housing program, to residents. The property is still within the initial tax credit compliance period. Please see the Tax Credit Property Income and Rent Limits page in the Financial Analysis section for further details. A qualified purchaser can be a non-profit or for-profit entity that agrees to maintain the affordable housing units and to fulfill all requirements of an existing regulatory agreement.

      Kearney Plaza Homes offers three bedroom single family homes featuring a fully equipped kitchen, plentiful storage, and attached two car garages.

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