Courtyard at Ridgecrest Apartments I & II

6341 Birch Lane & 6549 East Birch Lane, Nampa, ID 83687
Status: Escrow
Year Built: Phase I: 2002 Phase II: 2004
Price: CONTACT AGENT
# of Units: 114
# of Stories: 2
Rentable SF: 122,501
Lot Size: 11.20 Acres
Density: 10.18 Units/Acre

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Quick Stats:

  • Ten Year Ownership Intact
  • Canyon County AMI Has Increased Over 24% in the Past Four Years (2015-2018)
  • Property Located Within 2 Miles of Amazon’s Proposed 991,000 Square Foot Distribution Facility (Jobs Estimated to be 3,000+ Once Completed)
  • Within Walking Distance (0.4 Miles) to College of Western Idaho (101 Acre Campus with an Enrollment of Over 20,000 Students)
  • Boise MSA Ranked #1 on Forbes List of America's Fastest Growing Cities for 2018

Description:

The Courtyards at Ridgecrest Apartments I & II is a 114 unit affordable housing community located in Nampa, ID. As Nampa continues to grow, the property has benefited from its close proximity to I-84, College of Western Idaho, Super Walmart, WinCo, Ford Idaho Center Arena, and the Nampa Gateway Center.

Courtyards at Ridgecrest was built and placed in service in 2002 (Phase I) and 2004 (Phase II) under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place with Idaho Housing and Finance Association, which requires 98 units to be rented to income qualifying tenants earning no more than 30%, 30% HOME, 40%, 40% HOME, 50%, and 60% of the Area Median Income. The remaining units are to be rented at market rate. Both Phase I and Phase II are out of the initial 15-year tax credit compliance period.

Residents benefit from open floor plans, full appliance package, well maintained grounds, on-site laundry facilities, patio/ balconies, playground, community pool, fitness center, basketball court, clubhouse, and convenient location.

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6225 N. Meeker Place, Suite 210 Boise, Idaho 83713
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