1. NHR & NIFA Housing Production Partnership
NSCHA 2017

2. History of Nebraska Housing Resource (NHR)
Started in 1998
Need to bring affordable Homebuilders and Homebuyers together
501(c)(3)
Ample areas of underutilized land that could be made suitable for housing development
Homebuilders lacked capacity to acquire this land
NHR could become the “facilitator” and bridge the gap

3. Bar-None Housing, LLC Created by NHR in 2002
Innovate approach to creating affordable housing
Partnership with Nebraska Correctional System
Classroom instruction and hands-on training in the construction trades
2009 Success! - Separated from NHR and became their own non-profit
Retained NHR executive director as a member of board of directors
NIFA has continued to provide technical assistance, support and encouraged the development efforts of both entities

4. Partnership Efforts
NHR and NIFA renewed their partnership in a coordinated effort in 2015
Goal: expansion of affordable new construction homes available in Lincoln’s housing stock
Yearly $150,000 grant to NHR as part of NIFA’s outreach program
Down payment and closing cost assistance and mortgage loan financing for first-time homebuyers

5. Cyrilla Court Year of completion: 2001 27 home subdivision
Required city maintenance to a creek tributary crossing the tract
9 builders
Including student build and Habitat for Humanity
5 partner agencies
Financing provided by NIFA
below market interest rates
Down payment assistance in the form of 0% interest rate loans
Due-upon-sale HUD HOME funds of up $7,500

10. Old Riley School Year of completion: 2000
Removal of an abandoned and dilapidated school originally built in 1917 (replaced in 1963)
5 new homes
Included student build
Homes sold for approximately $115,000
Homes offered garage and full basement
NIFA provided first mortgage loan financing to qualified buyers through Fannie Mae pilot program
Each first-time homebuyer was required to complete homebuyer education training

11. Olympic Heights Year of completion: 2002
16 tax-repossessed lots and required city maintenance
Existing homes in the area had no direct access to small city park and greenspace
NHR built bike path along permanent easement allowing access to the park
6 builders
5 partner agencies

12. Olympic Heights (cont’d)
Creation of 16 new homes
All buyers were provided homebuyer education
NHR provided a $7,500 second mortgage loan to each of the 14 first-time homebuyers with payment deferred for the first 5 years (repayment occurring years 6-10)
First mortgage loans were primarily originated by partner lenders using below market loans available through NIFA’s single family program.

13. Old Mill Village Year of completion: 2009 137 families
Formerly a vacant tract of land owned by Nebraska Dept. of Roads
Multiple phase build
Prior to the installation of infrastructure, fill dirt was removed and ultimately used in the construction of the Homestead Expressway and Rosa Parks Way elevated intersection in Lincoln
Land purchase cost was fully funded by NHR once first 100 lots were sold
15 different builders – including Habitat for Humanity

18. Hub Hall Heights Current development First phase is 15 acre project
Began with 26 lots for sale
8 remain
Lots range in price from $36,500 to $40,000
Lots can accommodate walk-outs, ranches and split-level homes
Infrastructure for the 2nd phase of 36 lots is scheduled for completion late this year

22. Community Impact Cyrilla Court Old Riley School Redevelopment
Total Number of affordable housing units 37
2015 assessed value of homes $4.1 million
Old Riley School Redevelopment
Total Number of affordable housing units 5
2015 assessed value of homes $694,900
Olympic Heights
Total Number of affordable housing units 16
2015 assessed value of homes $1.9 million
Old Mill Village
Total Number of affordable housing units 137
2015 assessed value of homes over $19 million

23. Conclusion NIFA financial and technical support
NHR commitment to assisting the builder community in serving first-time homebuyers
Increase and measurable economic and social benefits
Direct expansion of the tax base
Previously vacant and/or dormant locations are vibrant parts of the community
Partnership between NIFA and NHR has fused a relationship between developers, homebuilders, city leaders and first-time homebuyers