The Nebraska Department of Economic Development (DED) has awarded a total of $2,480,975 in Nebraska Affordable Trust Fund money for four housing projects, and to aid the work of five nonprofits. The money is part of the Nebraska Affordable Housing Program administered by DED.
Of the total amount, $2,180,975 went to:
• Aurora Housing Development Corporation, a nonprofit 501(c)(3) in Aurora, Neb., that will use $800,000 to construct Cottage Park II, three duplexes (six units) specifically for qualifying seniors age 55-plus earning at or below 80 percent of the Area Median Family Income. Cottage Park II is part of the Cottage Park Senior Development that consists of duplexes and single-family homes available for rent or ownership.
Additional funding of $250,000 in owner contributions and conventional financing will complete the project.
Each unit will feature fully-finished attached garages with extra storage, vaulted ceilings in living/dining rooms and kitchens. Master bedrooms will feature walk-in showers and main bathrooms will include tub shower combinations. An Energy Star appliance package in each unit will include range/oven, refrigerator, dishwasher, microwave, and washer and dryer.
Each unit’s exterior will be unique, offering different sidings/colors, roof designs/color, brick placement/color and various front elevations. Yards will be landscaped with sod, underground irrigation, plants and trees. Residents will be encouraged to plant their own flowers and shrubs.
There is a great demand for quality senior housing in Aurora. Dana Point Development Corporation and Aurora Senior Center held meetings to understand the specific needs and requirements of area seniors. This development meets many of the needs that were expressed.
For information contact Matt Shaw at 402-694-5000 or firstname.lastname@example.org
• High Plains Community Development Corp. (HPCDC), Inc., a nonprofit 501 (c)(3) Community Housing Development Organization (CHDO), in Chadron, Neb., that will use $497,740 to undertake a Purchase/Rehab/Resale program to develop three single-family homes in Chadron during the next 36 months. The homes will be available to qualifying low- and middle-income families earning 100% Area Median Family Income.
Additional funding of $77,300 from the City of Chadron, HPCDC, and Solid Waste Agency of Northwest Nebraska.
Since its designation as a CHDO in 1995, High Plains has developed more than 50 projects using NAHTF and Home funds administered through DED. Some projects involved historic preservation. With other funds awarded from DED, High Plains has provided assistance to more than 200 first-time homebuyers in Box Butte, Dawes, Morrill, Sheridan and Sioux counties.
Recent growing employment opportunities throughout the region have increased families’ interest in purchase their first homes in the area.
For information contact Rita Horse at 308-432-4346 or email@example.com
•The City of Humboldt that will use $166,485 to implement a city-wide Owner Occupied Housing Rehabilitation program of five properties owned by qualifying low- and middle-income families earning at or below 100 percent of the Area Median Family Income. One or two dilapidated area homes also will be demolished to make way for future development.
Humboldt has not undertaken a housing study in recent years, the last one being a study conducted by Richardson County. However, the city in contract with Southeast Nebraska Development District has conducted Nuisance Abatement activities, recording that more than five residential properties and at least eight residential/commercial buildings need to be demolished.
The most recent housing project in Humboldt in 2001 involved rehabilitation of 19 units.
For information contact Connie Laflin at 402-862-2171 or firstname.lastname@example.org
•Sherman County Economic Development (SCED), Inc., a nonprofit 501(c)(3), in Loup City, Neb., that will use $716,750 to construct Sunset Cottages, a propose rental project consisting of one duplex and one triplex (five units) in the 110 block of K Street, and the 300 block of 11th Street in Loup City. For the first five years, all units will target qualifying low- and middle-income seniors (age 55 and older) earning at or below 80 percent of the Area Median Family Income.
Additional funding of $79,700 in the form of a convention loan and donation from SCED, Inc., and
an additional conventional loan will complete the project.
Each two-bedroom unit will total 1,393 sq. ft., and include attached garages, storm shelters, washers and dryers, ranges, refrigerators, dishwashers, garbage disposals, microwaves and garage door openers. Water, sewer, lawn care, snow removal and trash pick-up will be provided by the owner.
SCED will own and manage the Cottages.
For information contact Jill Young at 308-745-5040 or email@example.com
Five non-profit organizations involved with affordable housing issues will share $300,000. The award recipients are:
•Central Nebraska Community Services (CNCS), Loup City, Neb.—$60,000 to target needs in Loup City (Sherman County), Central City (Merrick County), Ainsworth (Brown County), Greeley (Greeley County), O’Neill (Holt County), Cairo and Alda (Hall County). Matching funds of $4,483 from CNCS complete the project. Contact Judy Hughes at 308-745-0780, or firstname.lastname@example.org
•McCook Economic Development Corporation, McCook, Neb.—$60,000 to target needs in McCook and Red Willow County. Matching funds of $7,000 from the Nebraska Housing Developers Association and Holiday Home Tour complete the project. Contact Mary Kircher at 308-345-1200, or email@example.com
•NEHI, Inc., Allen, Neb.—$60,000 to target needs in Antelope, Cedar, Dakota, Dixon, Knox and Pierce counties. Matching funds of $28,844 from program income, property management fees, home buyer education workshops, rental income, and Federal Home Loan Bank fees complete the project. Contact Megan Weaver at 402-635-2078, or firstname.lastname@example.org
•South Central Economic Development District (SCEDD),Inc., Holdrege, Neb.—$60,000 to target needs in Adams, Buffalo, Clay, Franklin, Hall, Hamilton, Harlan, Howard, Kearney, Merrick, Nuckolls, Phelps and Webster counties. Matching funds of $7,000 from SCEDD complete the project. Contact Sharon Hueftle at 308-995-3190, or email@example.com
•Wayne Community Housing Development Corporation, Wayne, Neb.—$60,000 to target the needs in Burt, Cuming, Dodge, Thurston, Washington and Wayne counties. Matching funds of $99,211 from management and developer fees, city incentives, and education tuition complete the project. Contact Kari Wren at 402-375-5266, or firstname.lastname@example.org
CONTACT Kate Ellingson at 800-426-6505, 402-471-3749, or email@example.com