Regency Apartments

7320 Candletree Lane, Lincoln, NE 68506
Status: Closed
Year Built: 1972
Price: CONTACT AGENT
# of Units: 106
# of Buildings: 25
# of Stories: 2 & 3
Rentable SF: 111,700
Lot Size: 12.95 Acres
Density: 8.19 Units/ Acre

Highlights:

  • 13 Apartment Buildings, 1 Clubhouse, and 11 Garage Buildings
  • Existing Section 42 LIHTC Apartment Community
  • Located in Attractive Neighborhood Close to Restaurants, Retail, and Area Amenities
  • Rehabbed and Placed into Service in 2003

Description:

Regency Apartments is a 106-unit affordable housing community located in Lincoln, NE. The property was built in 1972 and rehabbed and placed into service in 2003 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. Regency Apartments is conveniently located near public schools, parks, shopping, and restaurants.

There is an existing regulatory agreement in place which requires at least 82 units to be rented to income qualifying residents earning no more than 50% and 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. 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.

Regency Apartments offers one, two, and three bedroom floorplans featuring a fully equipped kitchen, plentiful storage, patios, w/d hook-ups, walk-in closets, playground, pool, on-site laundry, and clubhouse.

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