Printer Friendly
Email to a Friend
(KLZA)-- Wilderness Falls III, a new 16-unit affordable senior housing development in Falls City has been awarded $262,600 in Federal and State Housing Tax Credits from the Nebraska Investment Finance Authority and $500,000 in HOME investment Partnership funds from the Nebraska Department of Economic Development.
The Federal tax credits will be spread out over 10 years with the State tax credits covering a six-year period.
Falls City Economic Development and Growth Enterprise and a private landowner are selling their land for the project. The total project cost is estimated at $4,785,856. Construction is estimated to start in the summer of 2023.
The project will include 8 duplexes with 2 bedrooms and 1 bathroom. An outdoor exercise area tailored to seniors 55 and over. All the units will be one-level with 1,034 square feet of living space and a 292 square foot garage and 53 square feet of storage.
The units will include a range oven, microwave, dishwasher, refrigerator, washer and dryer. The units will be all-electric.
Excel Development Group has completed over 2,500 low-to-moderate-income, and market-rate units totaling over $300 million in development throughout the Midwest.
MOST VIEWED STORIES
Fatal Missouri crash claims Atchison man
Brown Co Commissioner plans to resign
Five injured, including two critically, in St. Joseph crash
Troy man convicted of sexual battery
Man arrested in Brown Co subject to deportation
Actress, filmmaker plans Benedictine College visit
Two hurt, one cited, in Atchison wreck
Motorcyclist killed in Washington Co crash
Man arrested after armed carjacking in St. Joseph
A Saturday of celebrations planned in Atchison
Richardson County Fair royalty crowned
ATCO Sheriff seeks hit and run driver
Two local lakes added to public health advisory list
Flags fly in KS for political violence remembrance
McLouth man injured in Leavenworth Co wreck
One injured in Saturday Buchanan Co, MO crash
LATEST STORIES
ATCO clarifies Sunday budget hearing date
Repair works means closure for VF boat ramp parking lot
Doniphan Co 2026 county budget adopted
Motorcyclist killed in Washington Co crash
HTRS Foundation announces scholarship
Two hurt, one cited, in Atchison wreck
ATCO Sheriff seeks hit and run driver
Hiawatha, Ks 66434