The Nebraska Department of Economic Development (DED) awarded $20 million in American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds (SLFRF) to 11 affordable housing projects in Omaha Qualified Census Tracts (QCTs). The QCT Affordable Housing Program was created under LB1024, also known as the Economic Recovery Act, to respond to the negative economic impacts of the Coronavirus public health emergency.
DED quickly developed an action plan for the implementation of these funds. DED received applications for 37 projects totaling $110,301,568 in requests.
The funds awarded through the QCT Affordable Housing Program provide grants for new construction and rehabilitation of affordable housing units and for preparing land parcels for future affordable housing developments. In total, the $20 million in grants will leverage $75,652,488 of other funding sources to create or preserve 552 housing units, 481 of which will be income-restricted. A full list of projects receiving awards can be found below.
For more information on the QCT Affordable Housing Program – Metropolitan Class visit the program webpage at https://opportunity.nebraska.gov/programs/recovery/qct-affordable-housing-program/.
For information on other Economic Recovery Act programs, visit https://opportunity.nebraska.gov/programs/recovery/.
QCT Affordable Housing Program – Metropolitan Class Recipients
- Canopy South – $1,250,000
- Civic Corner, LLC – $2,175,000
- Habitat for Humanity of Omaha – $4,000,000
- Holy Name Housing Corporation – $1,500,000
- Holy Name Housing Corporation – $900,000
- inCOMMON Community Development – $2,250,000
- Omaha Economic Development Corporation – $1,250,000
- Omaha Municipal Land Bank – $1,250,000
- Seventy Five North Revitalization Corp. – $2,000,000
- Woodling Development Corp – $1,250,000
- Youth Emergency Services, Inc. – $2,175,000