PRAIRIE FIRE RESIDENCES
Newton, a small Kansas town, has not had an apartment project constructed since 2003. Since then, demand continues to grow in this suburb of Wichita as unemployment remains low and businesses continue to expand in the area. Population growth and household formation continues, putting further pressure on housing needs.
Prairie Fire will be developing 63 units of two and three bedroom units that will be leased to families. The location of the project is within walking distance of numerous retail shops, a regional medical center, and a new $20 million YMCA.
Total Development Cost – $11 million
- Objective – Address the need for workforce housing, economic development and expansion
- Financing – $10.2 million LIHTC, Rural Housing Improvement District, Conventional Debt
- Investor/Lender – Boston Capital, Sterling Bank, Community Development Trust
Joint Center for Housing Studies at Harvard University releases the 2018 State of the Nation's Housing Report
Prairie Fire recently selected by Iowa Finance Agency to build two workforce housing projects in Iowa - Harlan and Red Oak.
Prairie Fire to develop mixed-income workforce housing in Ottawa, Kansas using Housing Tax Credits, Housing Trust Fund and Moderate Income Housing Funds!
Prairie Fire Residences in Newton, Kansas is now leasing! Contact firstname.lastname@example.org for more information!
770 East 5th Street
Kansas City, MO 64106