Glacier Village Apartments
Property Description
Glacier Village presents a rare preservation opportunity for a nonprofit or housing authority to acquire a stabilized asset with over 90% USDA Section 521 Rental Assistance. In a high-barrier-to-entry market characterized by extreme replacement costs and limited inventory, this project offers a viable acquisition path even for organizations with limited capital. Located in a high-income region of rural Pierce County where affordable housing is at a critical deficit, Glacier Village features strong fundamentals and essential subsidies that ensure long-term operational viability. This is a vital opportunity to protect a scarce resource and ensure that low- income residents are not displaced by rising market pressures. USDA Disclosure 1. Based on funding availability, USDA Rural Development may provide funding to make this purchase possible. Funding may include 100 percent Rental Assistance and interest credit assistance that reduces the loan note interest rate to one percent. 2. THE NON-DISCRIMINATION STATEMENT: “This institution is an equal opportunity provider”. 3. The FAIR HOUSING ACT STATEMENT/SLOGAN/LOGO: Statement: We are pledged to the letter and spirit of US policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing programs in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. OR Slogan: “Equal Housing Opportunity”; OR, Logo: 4. Local Not-For-Profits organizations and public agencies have priority over regional and national Not-For-Profit organizations and public agencies.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,400,000 |
| No. of Units: | 28 |
| Year Built: | 1986 |
| Lot Size: | 0.98 Acres |
| Opportunity Zone: | No |
| Price per unit: | $157,143 |
| Property Website | Click Here |
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