The Nebraska Department of Economic Development (DED) has awarded $2,449,600 in Nebraska Affordable Housing Trust Fund (NAHTF) money for six affordable housing projects located in Congressional District 2. The money is part of the Nebraska Affordable Housing Program administered by DED.
The Nebraska Department of Economic Development (DED) has awarded $2,449,600 in Nebraska Affordable Housing Trust Fund (NAHTF) money for six affordable housing projects located in Congressional District 2. The money is part of the Nebraska Affordable Housing Program administered by DED.
Three awards went to Habitat for Humanity of Omaha for projects in the Kountze Park area in North Omaha and Deer Park Neighborhood in South Omaha.
Since 1984, Habitat for Humanity of Omaha has worked to eliminate substandard housing in Douglas and Washington counties, with a focus on blighted areas in North and South Omaha, and to partner with low-income families to help them become more financially secure. To date, Habitat Omaha has partnered with 803 local families; completed 404 homes, and made 208 critical and 191 minor repairs. During the past building season, Habitat Omaha endeavored to build or renovate 50 homes with the help of more than 9,000 volunteers.
Habitat Omaha serves families wanting to become homeowners whose income is 30-60 percent of the median area income in Omaha. Each partnering family must complete up to 350 sweat equity hours (working at the construction site, attending educational sessions related to financial planning, budgeting and home maintenance and repair) as part of the purchasing requirement. All homebuyers pay 100 percent of the home’s appraised price through a 20-30 year no-interest Habitat loan.
For information on the Habitat for Humanity of Omaha projects, contact Glenda Wood at 402-884-7680 or gwood@habitatomaha.org
Three awards went to the City of Omaha for projects located throughout the City.
Eligible homebuyers are those earning at or below 80 percent of the AMFI.
The Omaha Homeowner Rehabilitation Program revitalizes neighborhoods through complete exterior rehabilitation and necessary interior rehabilitation, specifically addressing the issue of lead-based paint removal and education. The project’s remaining $320,000 will come from the City of Omaha’s CDBG fund.
For information on City of Omaha projects, contact David Thomas at 402-444-5150, ext. 2008, or david.thomas@cityofomaha.org
CONTACT Kate Ellingson at 800-426-6505, 402-471-3749, or kate.ellingson@nebraska.gov