Prairie Creek Estates
- Property Type:
- Duplex Units
- Total Development Cost:
- Financing Structure:
- Rural Development, Conventional
- LIHTC Units:
- 40/60 & 10/50
- Market Rate Units:
- Completion Date:
Prairie Creek Estates Subdivision is a 48-unit property located on South Washington Avenue, in Brownsville, Tennessee. The subdivision consists of 48 three-bedroom units containing between 1,145 and 1,250 approximate square feet. Each unit will have a garage, private entry and front and back porch.
Each unit is equipped with a stove, vent hood, refrigerator, dishwasher, disposal, microwave oven, central heat and air conditioning, washer and dryer hook-ups and ceiling fans. All of the appliances are ENERGY STAR rated. The exterior is constructed of brick and/or vinyl siding. The property is made up of 24 buildings with two units in each building.
The property includes a community facility for the exclusive use of the residents.
The Prairie Creek Estates Subdivision was built to cater exclusively to large families. The rent structure of the property is governed by the IRS Section 42 rules and is restricted to residents earning at or below 60% of the area median income. An additional ten percent of the property is further restricted to residents earning at or below 50% of the area median income for deeper targeting.
Preference is shown to qualified residents that are on the Public Housing Authority’s waiting list.