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.
Accumulates $13.00 Per
Month ($156.99 per year)
Accumulates $15.16 Per
Month ($181.95 per year)
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
2164 Prairie Glen Pl.
Manhattan, KS 66502
Monday - Friday
9:00 am - 12:00 pm
1:00 pm - 5:00 pm