Lincoln County will receive more than $500,000 for low income housing, the Nebraska Department of Economic Development announced Tuesday.
In all, the DED is sending $505,040 to Lincoln County Community Development Corporation, a non-profit 501(c)(3) housing organization headquartered in North Platte.
The money comes from the U.S. Department of Housing and Urban Development. It will be used for two projects.
The first project will invest $195,040 in National Affordable Housing Trust Funds to purchase and rehabilitate four rental units.
The rehab is already underway, said Nancy Striebel, the executive director of the Lincoln County CDC.
"We did a three-unit a year ago at Fifth and Miles, and they were rented just like that," she said.
The homes are rented to qualifying families earning at or below 80 percent of the average median income, which is $50,000 for a family of four.
The second project will use $310,000 in "HOME" funds to buy or accept donations of five homes, which are then rehabilitated and resold in Lincoln County.
The CDC has rehabbed 30 some houses like this in North Platte since 2003, Striebel said. Families can buy the houses by making part of the downpayment and monthly low interest loan payments. The CDC picks up the closing costs and most of the downpayment as a separate loan, which is forgiven if a buyer stays in the house for five years, Stribel said.
The homes are either moved to other sites or anchored to new foundations, then rehabilitated and sold to qualifying homebuyers. Rehabilitation may include repair or replacement of plumbing, heating, air conditioning, electrical systems and roofs. Lead-based paint issues also will be addressed.
An additional $203,000 from donations and reuse funding will complete the buy-rehab-resell projects, the DED said.
Also Striebel is working with city officials to help clean up dilapidated homes in North Platte. A study is planned to development health and safety standards, and appoint a city health inspector, she said. The council could formally consider it next summer.
"We need mobile homes," Striebel said. "We don't need mobile homes that are unsafe or unhealthy, but we need mobile homes."
The Lincoln County CDC is looking to expand its programs into Frontier County, where another study is planned this year to study the needs there and better plan the scope of CDC actions.
Striebel said building renovations could occur in 2014 in Frontier County.
Frontier county, will do housing study to see where to go this years, ideas there more rentals, also might housing rehab programs. 2014 building.