COMMUNITY HOUSING DEVELOPMENTS

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Bluestem Commons is mixed income and product neighborhood combining market rate multifamily rental, LIHTC tax credit rental, and market rate ownership opportunities supported by common amenities, a lake, walking paths, and clubhouse.

  • Scale: 34 acre, 400 unit master development with multiple sub-projects, ~300 rental opportunities & ~100 ownership opportunities

  • Problem or need: 

  • Solution: Targeting 30% AMI to 120% AMI, with products for each category. Providing high-end amenities for all residents (pool, playground, walking trails, etc.)

  • Financing: SID and community financing for infrastructure. LIHTC Competitive, HUD 221D4, and Conventional for individual projects

  • Timeline: Availability beginning Spring 2022

The Rows, Lexington, NE

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The Rows is a mix of affordable rental and for sale market rate homes.

  • Scale: 

  • Problem or need: 

  • Solution: 

  • Financing: LIHTC Competitive

  • Timeline: 

South Folsom, Lincoln, NE

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Bluestem Commons, Fremont, NE

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Bluestem Commons is mixed income and product neighborhood combining market rate multifamily rental, LIHTC tax credit rental, and market rate ownership opportunities supported by common amenities, a lake, walking paths, and clubhouse.

  • Project: 34 acre 400+ unit master development with multiple sub-projects, including ~300 rental and ~100 ownership opportunities

  • Challenge: How to respond to Fremont's growing housing needs with a range of solutions, while maintaining a sense of place and supporting competitive amenities

  • Solution: Layering individual projects on top of a comprehensive site plan

  • Financing Structure: SID and community support for initial infrastructure, with projects supported by LIHTC 9%, HUD 221 d(4), and conventional financing

  • Timeline: Availability beginning Summer 2021

The Rows, Lexington, NE

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The Rows is a mixed income mini-subdivision delivering LIHTC tax credit rental and purchase opportunities in one of Lexington's newest housing developments.

  • Project: 40 lots 

  • Challenge: How to translate the Tax Increment capacity of the community into a purchase incentive that makes home ownership accessible

  • Solution: Financing structure that buys-down the home price for the purchaser

  • Financing Structure: LIHTC 9%, TIF, and conventional

  • Timeline: Phase 1 delivered in 2018, Phase 2 delivered in 2021

The Orchard, Grand Island, NE

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Mixed income subdivision delivering ownership and rental opportunities supported by neighborhood amenities.

  • Project: 180 lots of single family attached housing

  • Challenge: How to translate the Tax Increment capacity of the community into a purchase incentive that makes home ownership accessible and supports development of additional affordable family housing

  • Solution: Financing structure that buys-down the home price for the purchaser in combination with 9% LIHTC financing

  • Financing Structure: Layering TIF and LIHTC 9% with conventional financing

  • Timeline: ​Phase 1 delivered in 2021

South Folsom, Lincoln, NE

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South Folsom is a mixed income and product neighborhood combining market rate multifamily rental, LIHTC tax credit rental, and market rate ownership opportunities supported by common amenities. It is a large-scale suburban setting to respond to Lincoln's affordable hosuing action plan.

  • Project: 400 – 600 unit mixed product development on, approximately 30 acres

  • Challenge: How to layer various products into a single master planned development

  • Solution: Purpose designing the master plan to set a scale for appropriate individual projects, with community support

  • Financing Structure: To be determined

  • Timeline: To be delivered in 2022 and beyond