VILLAGE AT KEARNEY APARTMENTS

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VILLAGE AT KEARNEY APARTMENTS
  • Located Close to Schools, Restaurants, and Retail
  • Built & Placed into Service in 2004
  • 1.4 Miles to University of Nebraska Kearney
  • Kearney Unemployment Rate at 2.2% as of April 2016

88 La Crosse Dr.
Kearney, NE 68845

  • Status: Closed
  • Price: $1,600,000
  • # of Units: 37
  • Rentable SF: 31,771
  • Price per Unit: $43,243
  • Price per SF: $50.36
  • Year Built: 2004
  • # of Buildings: 7
  • # of Stories: 2
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  • Description:

    • Village at Kearney Apartments is a 37-unit affordable housing community located in Kearney, NE. The property was built and placed into service in 2004 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. Village at Kearney 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. 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 at Kearney offers one, two, and three bedroom floorplans featuring a fully equipped kitchen, plentiful storage, patios, w/d hook-ups, playground, and fitness facility.

      Village at Kearney Apartments 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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