The A&P II, LLC project will consist of the rehabilitation of the existing President and Ambassador apartments, for a total of 71 affordable units for households at or below 60% AMI. Thirty units will be efficiencies and forty-one units will be 1-bedroom.
The site is comprised of 2 buildings that are currently owned by AP Limited Partnership and the Interfaith Housing Coalition located at 1330 Lincoln Mall in Lincoln, Nebraska. The interior will be rehabilitated, reducing the density from 84 units to 71 units. We are pleased to be able to preserve these historic buildings directly across from the Nebraska State Capitol building.
Efficiency units will rent for $390 per month and 1-bedroom rents will rent for $440 per month. Owner will pay for electricity, water, sewer and garbage removal. The A&P II, LLC will be available to all income qualified households.
The units will be handicap visitable with zero entry design from the courtyard. Exterior features will include brick, landscaping and courtyard seating areas. Fifteen units will be fully handicapped accessible with all units being visitable. Amenities, such as a refrigerator, stove, and microwave will be included in each unit. In addition, all units will meet several Nebraska Investment Finance Authority Green Standards. The property has been listed on the National Register of Historic Places since 1993 as an example of the Art Deco architectural style.