Penn Manor Apartments

The project, constructed in 1985, is a 49-unit low-income apartment complex in independence, Kansas which was originally financed by the department of housing and urban development (hud) under section 202 of the national housing act. The project has one non-income producing unit and is subject to a section 8 housing assistance payment contract with hud, from which a portion of the projects rental income is received. The project may not increase rents without hud approfal. The hap contract runs through january, 2030 and is a non-major program. The projects major program is its sectio 223(f) insured loan.