Luke Estates is a ten unit single-family home rental development located in the in the City of North Platte, Nebraska. Construction was completed in 2012. Seven (7) homes have three (3) bedrooms, two (2) baths, approximately 1,350 square feet and three (3) homes have four (4) bedrooms, two (2) baths and approximately 1,480 square feet. Each home has a finished two car garage. The development consists of two (2) different architectural plans. Each will be unique with the use of different exterior color combinations, windows, brick placement, roof lines, “mirrored” plans, etc. All units are attractively landscaped with grass and various plants/shrubbery and underground sprinklers.
Other amenities that Luke Estates includes are Energy Star appliances: washer/dryer, refrigerator, microwave, range and dishwasher. Units also have attached garages, extra storage, electronic security systems and covered patios accessed by a French door.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
3 Bedroom (3/2) | 1350 | Call for Price |
4 Bedroom (4/2) | 1480 | Call for Price |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in North Platte but actual income limits may differ for units at Luke Estates.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $30,900 | $35,300 | $39,700 | $44,100 | $47,650 | $51,200 | $54,700 | $58,250 |
Low Income (60%) | $37,080 | $42,360 | $47,640 | $52,920 | $57,180 | $61,440 | $65,640 | $69,900 |
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.