No Lots Currently Available
In the Fall of 2016, Nebraska Housing Resource opened the 26-lot 11th Addition in northwest Lincoln’s Hub Hall Heights neighborhood. All of these lots are sold.
The Hub Hall Heights 12th Addition with 36 more lots was also built out in 2018 and all the lots are sold, but not all homes are built or sold.
The 13th Addition with 19 lots, including 6 for attached single family homes or duplexes, will completed by early 2020. All lots are reserved by builders, but no houses are built , yet.
First-time Home Buyer Incentive Program
NHR is also offering financial assistance to a few eligible and qualified first-time homebuyers purchasing a new home in this development. NHR’s Homeownership Opportunity Program or HOP provides the eligible homebuyer up to a $15,000 subordinate second mortgage loan the proceeds of which are used to “buy down” the first mortgage and for down payment and/or closing cost assistance. The subordinate second mortgage is a zero payment, zero interest loan secured on the real estate. When the first-time homebuyer sells the home or no longer occupies it as their primary residence the loan is repaid. The first-time homebuyer must be qualified for a first mortgage loan from a financial institution that accepts the subordinate financing and complete a homebuyer education class.
Area Median Income Required for Eligibility
The HOP buyer incentive is available on new homes sold for $275,000 or less on a lot purchased from NHR. Eligible first-time homebuyer must have household income at or below 120% of the Area Median Income. Currently, for a family of 4 in Lancaster County the maximum household income is $96,480; for a 2-person household, it is $77,280. Click below to read or download the entire guidelines.