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What is Kenly Court Apartments Project Overview about?

This document summarizes a funding application for the rehabilitation of Kenly Court Apartments, an existing USDA Rural Development property located at 6022 North Whitley Drive in Kenly, Wilson County, North Carolina. The project involves rehabilitating 48 existing rental units. Funding sources include a $1.3 million bank loan, a $1.95 million RD 515 loan, and $269,655 in equity from federal low-income housing tax credits. The ownership entity is Kenly Court North Carolina Limited Partnership, with Gary Ell

Author

Ryan Sloan

Language

EN