The Nebraska Department of Economic Development (DED) has awarded $336,000 through the Community Development Block Grant Neighborhood Stabilization Program 1 to the City of Omaha to help with neighborhood revitalization efforts.
Omaha will use its $336,000 to consolidate numerous small, vacant lots located at 18th and Locust streets into a nearly three-acre parcel that supports the new Shannon Heights development. Shannon Heights will feature seven four-plexes offering 28 independent living units for seniors, ages 55 and older.
Each two-bedroom unit will measure 983 sq. ft. A community building also will be constructed for residents’ use. The project will provide permanent residential structures that will be occupied by households whose income is at or below 120% of the area median income. Contact James Thele, Assistant Planning Director, at 402-444-5206.
The U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program 1 is providing the emergency assistance to state and local governments to purchase, redevelop, and rehabilitate foreclosed, abandoned, and vacant properties that otherwise are already or may become inhabitable.
A main focus of the program is to return safe and decent affordable housing units to the market. The Neighborhood Stabilization Program 1 also allows for the demolition of blighted structures.
The program is authorized under Title III of the Housing and Economic Recovery Act of 2008. DED administers the program.
For information about the Neighborhood Stabilization Program 1, contact Lynn Franzen at 800-426-6505, 402-471-3781 or email@example.com