Another award: Using tax credits to improve housing for elders

After building new homes, the Prairie Band Potawatomi Nation will next revamp existing housing.

It’s been a good summer! The Prairie Band Potawatomi Nation won a prestigious industry award. Even better, the nation will use another award — of tax credits — to modernize homes for elders.

The nation identified 26 duplex units and a community facility for improvements with Prairie Band Homes #4. The Kansas Housing Resources Corporation saw the need and is providing Low Income Housing Tax Credits as funding.

An equity investor provides most of the money needed — generally 70 to 90% (that doesn’t need to be paid back) of the total development cost.

Read more about the rehab here.

The duplexes are in a convenient location. Residents have easy access to the housing department office, community laundry room, elder community center, walking paths, and the Boys and Girls Club that has elder hours.

Travois is the development consultant and architect and is providing ongoing asset management and compliance services.

Are you interested in improving housing in your community? Contact us today to discuss opportunities.

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