Equity Information

Equity Value Information & Schedule

Equity value is the equity that has built up it the townhouse since 1968. The equity schedule was written into the by-laws of the corporation when it was formed.

The two-bedroom townhouse’s equity increases by $13.00 each month. A member earns $156.00 each year they live in a two-bedroom unit.

The three-bedroom townhouse’s equity value increases by $15.16 each month. A member earns $181.92 each year they live in a three-bedroom unit.

The incoming member pays the Membership Fee of $250.00 and the current Equity Value of the townhouse.

Therefore when you vacate the townhouse, you are eligible to receive payment for your Membership Fee and the current Equity Value. A $50.00 Resale Fee will be deducted from the amount including charges for rehabilitation expenses, damages, carrying charges owe, etc.

The following schedule shows the amount the incoming member pays based on unit size and the month they move in.

This is the same payment vacating members are eligible for.

 

TWO BEDROOM
Accumulates $13.00 Per
Month ($156.99 per year)
Equity Value
Schedule 2018
THREE BEDROOM
Accumulates $15.16 Per
Month ($181.95 per year)
$6,812.00
JANUARY 2018
$7,943.84
$6,825.00
FEBRUARY 2018
$7,959.00
$6,838.00
MARCH 2018
$7,974.16
$6,851.00
APRIL 2018
$7,989.32
$6,864.00
MAY 2018
$8,004.48
$6,877.00
JUNE 2018
$8,019.64
$6,890.00
JULY 2018
$8,034.80
$6,903.00
AUGUST 2018
$8,049.96
$6,916.00
SEPTEMBER 2018
$8,065.12
$6,929.00
OCTOBER 2018
$8,080.28
$6,942.00
NOVEMBER 2018
$8,095.44
$6,955.00
DECEMBER 2018
$8,110.60

Income Limit Qualifications 2018

1 PERSON – $48,050

2 PERSON – $54,900

3 PERSON – $61,750

4 PERSON – $68,600

5 PERSON – $74,100

6 PERSON – $79,600

Prairie Glen Townhouses Gallery

Contact Us

phone-white

Phone:
(785) 776-4786

directions

Address:
2164 Prairie Glen Pl.
Manhattan, KS 66502

clock-white

Office Hours
Monday - Friday
9:00 am - 12:00 pm
1:00 pm - 5:00 pm