Quality Hill Square: ‘Amazing opportunity’ awaits in historic downtown neighborhood
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Homeowners at Quality Hill Square have the opportunity to select from multiple finish packages which include all new paint, carpet, kitchen counters, lighting, appliances, washer/dryer, home security systems and more. Read more: http://www.kansascity.com/2010/08/27/2180553/quality-hill-square-amazing-opportunity.html#ixzz0xtv5FYto
A truly remarkable value awaits in downtown Kansas City’s historic Quality Hill neighborhood. Quality Hill Square, a seven-building condominium complex, offers one- and two-bedroom condominiums to income-restricted buyers, and is “the first property like this in the nation,” said Michael Wimbs, who markets the project with Sarah Jaeger with Chartwell Realty.
The affordable homeownership opportunity is a joint venture between the project owner, the Missouri Housing Development Commission and the Internal Revenue Service.
“This project is the first in the nation to offer condos from the joint venture for sale to qualified income-restricted buyers, at a monthly cost that allows them to own their own home for less than it costs to rent,” Wimbs said. “All buyers enjoy the benefits and responsibilities of homeownership, including the ability to resell the condo to other qualified buyers and potentially benefit from the appreciated value.”
“This project is the first in the nation to offer condos from the joint venture for sale to qualified income-restricted buyers, at a monthly cost that allows them to own their own home for less than it costs to rent,” Wimbs said. “All buyers enjoy the benefits and responsibilities of homeownership, including the ability to resell the condo to other qualified buyers and potentially benefit from the appreciated value.”
