CRANE Celebration: Canterbury Estates

CRANE Celebration: Canterbury Estates

Current rates

Program
Name
Government
Loan Rate
Conventional
Loan Rate
Military Home2.375%*N/A
First Home Targeted2.375%*2.750%*
First Home2.625%*3.000%*
Homebuyer Assistance (HBA)3.125%* - 1st loan
1.000%* - 2nd loan
3.500%* - 1st loan
1.000%* - 2nd loan

Last changed 10/26/21 at 9:00 a.m
*This is not an advertisement for credit as defined in Reg.Z; contact a participating NIFA lender for Annual Percentage Rate (APR) information. Rates are subject to change without prior notice. 

Residential Developer/Property Manager Home / About Community Development

CRANE Celebration: Canterbury Estates

The Collaborative Resource Allocation for Nebraska (CRANE) program is a strategic allocation process between NIFA and other collaborating resource providers to accomplish difficult projects. CRANE promotes collaborative partnerships between housing experts and developers that lead to creative financing options, effective partnerships and eventual ground-breakings of innovative projects. Today we are showcasing Canterbury Estates!

Canterbury Estates is located in Sidney, Nebraska. The development became part of the CRANE program family when it was completed in 2019! The City of Sidney is located in western Nebraska, only a few miles from the Colorado border. Canterbury Estates serves this small town community by offering affordable rental units.
 
The residential complex consists of 10 units and they are all Low-Income Housing Tax Credit (LIHTC) units. Thirty percent (30%) of the units serve households with physical or mental disabilities. The property features 1 and 2 bedroom rental spaces. Supportive services are offered to all residents such as: paid renters insurance, 12-round trips of transportation per household annually, and trash taken out two times per week! 

Project Financing
Canterbury Estates was developed by Sidney Housing Authority. It is financially supported by Low-Income Housing Tax Credits awarded through the CRANE program as well as additional funding sources from the following: National Housing Trust Funds, Deferred Developer Fee, and Owner Equity.
 
Management & Amenities
Scottsbluff Housing Authority manages Canterbury Estates. Some of the amenities include: washer and dryer in all units, and a community garden!