The Nebraska Department of Economic Development has awarded $800,000 in Nebraska Affordable Housing Trust Funds (NAHTF) for two housing projects in Omaha.
• The City of Omaha has received $183,000 in NAHTF to undertake the Columbus Park Homeowner Housing Rehabilitation Program, through which ten owner-occupied homes will be updated with complete exterior and necessary interior repairs. Qualifying homeowners are those earning at or below 80 percent of the Area Median Family Income.
The program will specifically target potential childhood lead poisoning, with priority given to households with children at risk and highest priority to families whose children have been diagnosed with elevated blood lead levels.
The City also has committed $150,000 in Community Development Block Grant and Lead-based Paint Hazard Control Program funding to the project.
The economically- and physically-distressed Columbus Park Neighborhood is located in Midtown Omaha on the western fringe of the City’s Central Business District. The housing project’s target area is bounded by Leavenworth Street (north), 24th Street (east), Woolworth Avenue (south), and 28th Street (west). However, the active Destination Midtown neighborhood association, inCOMMON community development organization, and Omaha Healthy Homes Partnership are committed to revitalizing the neighborhood and serving the needs of residents.
The Healthy Homes Partnership includes Habitat for Humanity, Weatherization Trust, Rebuilding Together, Brush-Up Nebraska, Omaha Public Power District, the Neighborhood Center, Omaha Healthy Kids Alliance, and other interested organizations. Through this Partnership the number of assisted homes is expected to double or triple. Additionally, the City will help landlords improve properties through its HOME-funded Rental Rehabilitation Program. The City’s reEnergize Program also will help with residential and commercial energy conservation.
• The City of Omaha also has received $617,000 in NAHTF for new affordable home construction. The Omaha Single-Family New Infill Housing Program will build 22 single-family homes in the North Omaha and South Omaha Neighborhood Revitalization Strategy Areas. Specifically, developers Habitat for Humanity of Omaha, Inc., will build seven homes at scattered sites throughout these areas; the City of Omaha will build ten homes in the Grace Plaza neighborhood, northwest of 17th and Clark streets; and GESU Housing, Inc., will build the remaining five homes in the Clifton Hills South Neighborhood, southwest of 42nd and Lake streets.
While all homes will be available to first-time homebuyers earning at or below 120 percent of the Area Median Family Income, every effort will be made to match homeowners earning at or below 80 percent of the AMFI with 16 homes.
Additional funding of $3,277,000 will come from the City of Omaha’s HOME and Neighborhood Stabilization Programs, and city funds, as well as private funding in the form of construction loans and developers’ funding. The City also will contribute land for the homes.
Projected home sale prices will range from $125,000 to $140,000. Upon home sales, qualified homebuyers also will receive down payment and/or closing cost assistance ranging from $40,000 to $60,000, and mortgage financing in the form of deferred payment loans.
For information on both projects, contact James Thele at 402-444-5206, or email@example.com .