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The Village of Ewing will receive $431,640 from the Nebraska Affordable Housing Trust Fund, for construction of a two-unit duplex.
The award was announced Wednesday by the Nebraska Department of Economic Development. A total of 40 projects will receive funding statewide.
In April, the Ewing village trustees reviewed guidelines with Judy Petersen, executive director of the Central Nebraska Economic Development District. At that time, Petersen said the village will provide a $100,000 match.
The grant will be structured on a five-year affordability basis. Once the project is complete and units rented, income guidelines will need to be met. Rental fees for a unit will be based on current rental prices, a housing study and census data. In April, Petersen estimated rental fees will run $550 per month.
Wednesday's awards feature an investment of $17,482,102 across the state. According to DED officials "Funding will be applied to the development of 381 housing units, with plans involving a ixture of new construction, both rental and single-family owned, housing rehabilitation and direct homebuyer assistance."
"Nebraska is a proud investor and supporter in the expansion of our state's diverse housing sector, which serves as a catalyst for business and community development in rural and urban areas," said Lynn Kohout, DED director of housing. "For over two decades, our State Trust Fund has complemented the work of our local and regional leaders committed to creating neighborhoods Nebraskans are proud to call home. Our team appreciates the opportunity to harness the Nebraska Affordable Housing Trust Fund to encourage ongoing growth in our state."
NAHTF was established in 1996 to assist communities address local housing needs.
In addition to the Village of Ewing, other award recipients include:
Central Nebraska Economic Development Inc .: $599,500
Central Nebraska Economic Development Inc .: $599,500
City of Auburn: $530,000
City of Burwell: $520,650
City of David City: $575,600
City of Fremont: $310,500
Fairbury Housing Authority: $40,000
Fillmore County Development Corporation $575,600
Habitat for Humanity of Omaha, Inc .: $520,000
Habitat for Humanity of Omaha, Inc .: $580,000
Habitat for Humanity of Omaha, Inc .: $580,000
Habitat for Humanity of Omaha, Inc .: $40,000
Habitat for Humanity of Omaha, Inc .: $520,000
Hastings Community Redevelopment Authority: $500,000
High Plains Community Development Corporation, Inc .: $300,000
Holy Name Housing Corporation: $525,000
Holy Name Housing Corporation: $525,000
Midwest Housing Initiatives: $445,387
inCOMMON Community Development: $40,000
Nebraska Housing Resource: $580,000
NeighborWorks Lincoln: $512,700
NeighborWorks Lincoln: $528,900
NeighborWorks Lincoln: $536,125
NeighborWorks Northeast Nebraska: $580,000
NeighborWorks Northeast Nebraska: $599,500
Omaha 100: $580,000
Project Houseworks: $578,500
Project Houseworks: $40,000
Purpose Transitional Housing Ministries: $40,000
Seventy Five North Revitalization Corp .: $500,000
Seward County Housing Corporation: $610,000
Canopy South: $40,000
Southwest Nebraska Community Betterment Corporation: $356,000
Spark Capital: $40,000
Talented Tenth Group: $510,000
Thayer County Economic Development Alliance: $520,000
Three Rivers Housing Development Corporation: $523,500
Three Rivers Housing Development Corporation: $523,500
Village of Bertrand: $525,000.
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