Kearney Plaza Homes is a 16-unit affordable housing community located in Kearney, NE. Kearney Plaza Homes is conveniently located near public schools, parks, shopping, and restaurants.
The property was built and placed in service in 2006 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 58.53% AMI (Area Median Income) limits, on average, 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. Further more, the properties are eligible to be converted to market through the qualified contract process allowing the homes to be individually sold at a significant premium to acquisition cost.
Kearney Plaza Homes offers three bedroom single family homes featuring a fully equipped kitchen, plentiful storage, and attached two car garages with opener.