Greenbrier Gardens Phase II

Greenbrier, AR

Property Type:
Total Development Cost:
Financing Structure:
Rural Development
LIHTC Units:
Market Rate Units:
Completion Date:
July 2011

Greenbrier Gardens Phase II is a 30-unit property located in Greenbrier, AR. The property consists of 8 one-bedroom and 22 two-bedroom apartments. Each apartment is between approximately 645 and 945 square feet plus a front porch and back patio.
Each apartment is equipped with a stove, vent hood, refrigerator, dishwasher, disposal, microwave oven and central heat and air conditioning. In addition a washer and dryer unit is provided in every apartment as well as ceiling fans. All of the appliances are ENERGY STAR rated. The exterior is constructed of brick and/or vinyl siding.
The property includes a swimming pool, a picnic area, and a community facility all for the exclusive use of the residents.
The Greenbrier Gardens Phase II Property will be built to cater exclusively to elderly 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.
Preference is shown to qualified residents that are on the Public Housing Authority’s waiting list.