PRAIRIE FIRE RESIDENCES

NEWTON, KS

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
ANNOUNCEMENTS

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 manager.prairiefire@rentourspace.com for more information!

 

CONTACT

770 East 5th Street

Kansas City, MO 64106

816.686.2416

info@prairiefiredg.com