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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 $181.95 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 per year)
Equity Value
Schedule 2019
THREE BEDROOM
Accumulates $15.16 Per
Month ($181.95 per year)
$6,981.00
JANUARY 2019
$8,140.92
$6,994.00
FEBRUARY 2019
$8,156.08
$7,007.00
MARCH 2019
$8,171.24
$7,020.00
APRIL 2019
$8,186.40
$7,033.00
MAY 2019
$8,201.56
$7,046.00
JUNE 2019
$8,216.72
$7,059.00
JULY 2019
$8,231.88
$7,072.00
AUGUST 2019
$8,247.04
$7,085.00
SEPTEMBER 2019
$8,262.20
$7,098.00
OCTOBER 2019
$8,277.36
$7,111.00
NOVEMBER 2019
$8,292.52
$7,124.00
DECEMBER 2019
$8,307.68

Income Limit Qualifications 2019

1 PERSON – $52,800

2 PERSON – $60,350

3 PERSON – $67,900

4 PERSON – $75,400

5 PERSON – $81,450

6 PERSON – $87,500

Prairie Glen Townhouses Gallery

Contact Us

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Phone:
(785) 776-4786

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Address:
2164 Prairie Glen Pl.
Manhattan, KS 66502

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