May 1, 2015

Stacked NDC Academy LogoCongratulations to Nebraska Finance Investment Authority on being selected as a semi-finalist in the Housing Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

Creekside Village, Ltd. – Lincoln, NE

Creekside Village is located just north of the Lincoln, Nebraska downtown business district and is nestled between the University of Nebraska Lincoln campus and the Haymarket Park Sports Complex.  The development consists of 18 buildings providing 71 units of affordable housing to a variety of residents.  Eight multifamily buildings provide 30 one-bedroom units, 30 two-bedroom units, and one manager’s unit.  The additional 10 buildings are constructed as 4-bedroom, single family townhomes, utilizing the rent-to-own “CROWN” (Credits-to-OWN) program offered by the Nebraska Investment Finance Authority (NIFA).  The development includes a club house with meeting and community space and laundry facilities. All 71 units of the development target low income tenants at 60% or less of the Area Median Income. Twenty units are reserved for occupancy by people with Severe Mental Illnesses. Comprehensive supportive services and specialized case management are provided to residents, both onsite and offsite. To further enhance the project and the surrounding area, the developer, Hoppe Homes, coordinated with the City of Lincoln to convert 18 acres of green space into a community park.

An underutilized piece of land presented a rare opportunity to extend an older established neighborhood by integrating a new affordable housing development to create a cohesive and unique living environment.  The site was originally home to an old, asbestos ridden US Navy depot, shooting range and maintenance garage, all of which had to be removed prior to the commencement of any development.  Substantial fill dirt was required to be brought in to raise the level of the site to address flood plain issues. Creekside Village incorporates 20 units that offer an independent living environment for individuals with Severe Mental Illness (SMI), which is an aspect of affordable housing development that, while challenging, is critically needed and very important. CenterPointe Inc., a Lincoln nonprofit, provides extensive supportive services, both onsite and offsite, for the SMI residents of Creekside Village. Single family, multifamily and special needs housing, when combined as part of the same development, can create a vibrant and diverse community. For individuals with Severe Mental Illness, living independently in an integrated environment is a goal that can be obtained with the supportive services that Creekside Village provides.