Properties

Mesa Vista

Mountain View, AR

Property Type:
Single Family
Total Development Cost:
$5,504,356
Financing Structure:
USDA RD 538
LIHTC Units:
34
AMI:
Market Rate Units:
Completion Date:
2013
Energy Star Partner

Mesa Vista Subdivision is a 34-unit property located in Mountain View, Arkansas. The subdivision consists of 34 three-bedroom single-family houses on individual lots. Each house is approximately 1,200 square feet plus a garage, front porch and back patio.
Each house 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 includes a playground area, a walking trail, and a community facility all for the exclusive use of the residents.
The Mesa Vista Subdivision will be 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.
Preference is shown to qualified residents that are on the Public Housing Authority’s waiting list. It is anticipated that at the end of the compliance period the houses will be offered for homeownership.