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
Bern teen killed in SE Neb rollover crash
Troy man arrested on drug charges after search warrant
Hiawatha teen accused of child porn related crimes
Four injured in Friday Jackson Co crash
Two arrested after Holton search warrant
Falls City child escapes serious injury after struck by vehicle
Shooting near Mayetta being investigated
Man accused of beating another man with a baseball bat
Local district judge vacancy filled
Juvenile arrested in connection with threat leading to school lockdown
Woman injured when car hits mobility scooter
Man killed in Holt Co MO crash
Atchison's Halloween set for Saturday; parade, trick or treat planned
New Brown Co Commissioner sworn-in
Enrollment down in Prairie Hills USD 113
Atchison Co RWD 5C again placed under boil water advisory
NioCorp completes additional test drilling
Atchison switches water treatment to assist affected suppliers
Falls City Council approves contract for electric service upgrades
LATEST STORIES
EDGE updated status of former Falls City restaurant building
NDOT exploring possible road projects in Falls City area
Nemaha Co NE included in federal aid declaration
Woman injured when car hits mobility scooter
CHCS unveils Holton campus master facility plan
New fire station being built in Everest
Hiawatha teen accused of child porn related crimes
Falls City child escapes serious injury after struck by vehicle
Juvenile arrested in connection with threat leading to school lockdown
Hiawatha, Ks 66434