Reliable, Trustworthy Reporting, Capturing The Heartbeat Of Our Community

Village of Ewing receives housing funds

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.

 

Reader Comments(0)

 
 
Rendered 11/07/2024 11:46