NEW DEVELOPMENTS

Nebraska Housing Resource has started a new development with single family lots now available for purchase by builders.  A number of years ago, NHR invested in 15 acres in Hub Hall Heights in northwest Lincoln which had a preliminary plat for 62 lots. The first phase, Hub Hall Heights 11th Addition was platted with 26 lots of differing size and type and at various prices. The land purchase and development is being done without any public financing. Beginning in 2017, development of the 36 remaining lots was underway for the Hub Hall Heights 12th Addition with completion anticipated for late 2017. NHR’s Homeownership Opportunity Program is available in the Hub Hall Heights 11th and 12th Additions and builders are encouraged to seek qualified first-time homebuyers for their homes.

HUB HALL HEIGHTS 11th ADDITION

In 2016, Nebraska Housing Resource started a new development with a total of 62 lots in this neighborhood located in northwest Lincoln east of NW 44th Streets along West Ludwig Drive and Circle and to the south along West Rebecca Lane and West Hancock Court (to be completed). In addition to selling the new lots, NHR will be offering its Homeownership Opportunity Program to a limited number of eligible and qualified first-time homebuyers who purchase homes from participating builders.

Check out the lots for Hub Hall Heights 11th Addition

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Cyrilla Court

This area is in the Hub Hall Heights neighborhood and Home Owners Association and it is easily accessible off NW 48th Street with Interstate-80 to the south and US Highway 34 to the north. It is near Arnold Elementary School, Schoo Middle School (Fallbrook), Ashley Heights and Bowling Lake Parks, Highlands and Pioneer Golf Courses, and within 15 minutes of downtown Lincoln. Major employers in northwest Lincoln, include Kawasaki, Molex, Hexagon Lincoln, Duncan Aviation, the Nebraska Air National Guard, Dell Services, and Crete Carrier Corporation.

In the first phase, the 11th Addition with 26 lots, lots range in size from 7,040SF along West Ludwig Drive to over 14,000SF within West Ludwig Circle. The lot types include walk outs, ranches, day lights and split-levels and they vary in price from $37,500 to $40,000.  A few lots remain available for purchase by home builders.  Another 36 lots in the 12th Addition should be available for purchase once the infrastructure is completed in late 2017.

Builders with homes under construction or with lots purchased include:

Stonybrook Homes, Muehling Homes, NewCastle Custom Homes, Legacy Homes,  Hunt Clark Builders, Habitat for Humanity and Superior Construction.

If you are an interested home builder or a buyer wanting more information, Contact Us to call or e-mail.

 

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for future lots in the 12th Addition

NHR, in partnership with the Nebraska Investment Finance Authority, the Lincoln Urban Development Department, and the Nebraska Department of Economic Development have acquired, developed and sold 189 lots to builders on land previously owned by public entities.

34 LOTS

Cyrilla Court

5 LOTS

Old Riley School Site

18 LOTS

Olympic Heights

132 LOTS

Old Mill Village

CYRILLA COURT

Cyrilla Court is a small affordable housing subdivision on Irving Street east of North 1st in Lincoln. Prior to its development, the land was not only idle and not producing tax revenue, but required city maintenance of the Lynn Creek tributary which crossed the tract. It was owned by the City Parks Department, but due to erosion problems, it was not used as a park. NHR developed the site by creating a new channel for the tributary and protecting it with bioengineering techniques coordinated through the Lower Platte South Natural Resource District.

Cyrilla Courts

The neighborhood is convenient to the Campbell and Belmont Elementary schools, the Goodrich Middle School and is two miles from North Star High School. It has easy access to downtown Lincoln, is located very close to Interstates I-80 and I-180 and the Lincoln Airport. The Eiseley Branch Library is a few minutes away and it is adjacent to Roper Park and Bike Trail.The builders included Regal Building Systems, Rainbow Homes, Brighton Construction, Cherry Hill, Hoppe Homes, Hunt/Clark Builders, Schwinn Homes, Lincoln Housing Authority (“student build” program), and Habitat for Humanity. Cyrilla Court was made possible through the cooperation and partnership that NHR enjoyed with the City of Lincoln Park and Recreation Department, Urban Development Department, Fannie Mae, Lower Platte South NRD, Neighborhoods Inc. (now NeighborWorks Lincoln), and the Nebraska Investment Finance Authority (NIFA). Homebuyers for most of the homes built were able to use special rate first mortgage financing provided by NIFA through their lender partners and a special pilot program with Fannie Mae.  Lincoln Urban Development lent up to $7,500 for downpayment assistance with a no payment, zero interest loan due-upon-sale using the HOME Program (funds allocated by the U.S. Department of Housing and Urban Development). All buyers attended and graduated from Neighborhoods Inc.’s home buyer education program. NHR provided the lots by investing in the homebuyers with zero percent deferred note secured by the lot which is repaid upon sale of the home.

The 2015 assessed value of the 37 homes built in Cyrilla Court is $4,189,900.

OLD RILEY SCHOOL REDEVELOPMENT

Old Riley School

In 2000, NHR, in partnership with the city, redeveloped the former site of Riley School (50th and Dudley Streets) and created five affordable homes. Under then Mayor Don Wesely’s leadership and guidance from Urban Development, NHR developed the Old Riley School homes as part of its campaign to addresses the lack of new affordable homes in Lincoln. NHR entered into an agreement with the city to raze the abandoned and dilapidated school, originally built in 1917 (replaced in 1963), and finding the right builders for the new homes that could now be built.

Lincoln’s J. Greg Schwinn Homes, Inc., was selected by NHR as the builder for four of the five homes.   The Schwinn homes feature 1290SF with three bedrooms and two and a half bathrooms. The two-story layout was a variation of the four square design popular in the early 20th century. The fifth lot was used by the Lincoln Housing Authority’s joint venture with Northeast High School’s student-build program, an ideal training ground for students learning construction trades. Each home has an attached or detached garage and full basements and sold for approximately $115,000. The development partners in addition to the city were Neighborhoods, Inc., who through the city’s Urban Development provided secured second mortgage financing for income and credit qualified buyers who completed their home buyer education program. NIFA made available a Fannie Mae pilot first mortgage, a low down payment, 30-year fixed rate mortgage, to qualified buyers. Fannie Mae through NIFA’s lender partners, purchased around $365,000 in first mortgages for the Old Riley School homes.

In 2015, the Old Riley School site homes had a total assessed value of $694,900.

OLYMPIC HEIGHTS

In 2001, NHR partnered with the city to complete the development of 16 tax-repossessed lots in Olympic Heights First Addition (NW 53rd and W Leighton Streets). The Olympic Heights homes were built by Aspen Builders, Cherry Hill, Habitat for Humanity, Hoppe Homes, J. Greg Schwinn Homes, and Regal Building Systems. Previous concerns related to the site were the land was not producing tax revenue and required city maintenance. Additionally, the residents in existing homes west of NW 53rd had no direct access to the small city park located across a natural drainage way separating the neighborhood.

Olympic Heights Development

The land was purchase by NHR from the city and NHR built a bike path on a permanent easement through the development to access the park. The Olympic Heights homes were made possible through the cooperation and partnership of Lincoln Parks/Recreation and Urban Development Departments, NIFA, Neighborhoods Inc., and Fannie Mae. All homebuyers were provided education and were qualified by Neighborhoods, Inc. (now NeighborWorks Lincoln). Lincoln’s Urban Development through its HOME Program, offered up to $12,500 for down payment assistance at zero interest rate and forgivable in years six through ten. NHR provided $7,500 second mortgage loans to 14 of the first-time homebuyers with payments deferred for the first five years and then repayments occurring years six through ten. The first mortgage loans were originated by private lenders primarily using NIFA’s first time homebuyer program with special below market interest rates.

In 2015, the Olympic Heights homes had a total assessed value of $1,925,800.

OLD MILL VILLAGE

Old Mill Village

Old Mill Village, now a neighborhood with 137 families, was a vacant tract of land previously owned by the Nebraska Department of Roads. It was purchased and developed by NHR in partnership with the city and built out in multiple phases. Prior to putting in the infrastructure, NHR under its purchase agreement allowed fill dirt to be removed and used in the construction of the Homestead Expressway and Rosa Parks Way elevated intersection. While the city had initially funded the land purchase with a deferred loan they were fully paid back by NHR after the first 100 lots were sold.

Phase One comprised of an initial 15 lots on the east side of SW 12th and south of South Street was completed in 2003. One of the homes built was by Lincoln/Lancaster County Habitat for Humanity. Phase Two began in 2004, adding 51 more lots with builders using a mix of affordable and market rate lots to build for their homebuyers. Phase Three with 81 lots completed the subdivision with the last two homes being completed in 2016.

To build a strong community connection, the new streets in Old Mill Village were all named after local law enforcement officers slain in the line of duty. At a ribbon-cutting ceremony for Phase Two, family members of these fallen officers that still resided in the community were honored with a plaque with the street name.

Over 15 different builders as well as Habitat for Humanity built homes in Old Mill Village.

The public financial investments made for Old Mill Village came from the Nebraska Affordable Housing Trust Fund, Lincoln’s Community Development Block Grant program and HOME funds.

The 2015 assessed values for all houses in Old Mill Village is over $19 million.

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