VILLAGE PLAZA HOMES

Download Marketing Package & Financial Summary Here

Download Village_Plaza_Kearney_NE_Marketing_Package.pdf
VILLAGE PLAZA HOMES
  • Located Close to Schools, Restaurants, and Retail
  • Built & Placed into Service in 2005
  • 1.4 Miles to University of Nebraska Kearney
  • Low Historical Vacancy
  • Kearney Unemployment Rate at 2.2% as of April 2016

2730 West La Platte Road
Kearney, NE 68845

  • Status: Closed
  • Price: $1,300,000
  • # of Units: 30
  • Rentable SF: 36,220
  • Price per Unit: $43,333
  • Price per SF: $35.89
  • Year Built: 2005
  • # of Buildings: 14
  • # of Stories: 1 & 2
  • Download Marketing Package:
  • Description:

    • Village Plaza Homes is a 30-unit affordable housing community located in Kearney, NE. The property was built and placed into service in 2005 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. Village 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 areprovided by the Nebraska Investment Finance Authority. The property is still within the initial tax credit compliance period. 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. 

      Village Plaza Homes offers two and three bedroom townhomes featuring a fully equipped kitchen, plentiful storage, and attached one car garage.

      Village Plaza Homes is a Section 42 LIHTC property which means that federal tax credits were given to help finance the property. The property currently is required to hold the maximum rent charged at or below a level considered appropriate for the households that have incomes at or below 60% of the local Area Median Income (AMI) for the Nebraska Investment Finance Authority.

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