the Lincoln Journal Star | Posted: Monday, October 23, 2006 7:00 pm
The Lincoln Action Program Housing Development Corporation has received a nearly $400,000 grant to assist at least seven eligible homebuyers with the purchase and rehabilitation costs of homes in the Clinton Neighborhood.
The grant was awarded by the Nebraska Department of Economic Development through Nebraska Affordable Trust Funds.
The Clinton Neighborhood encompasses an area between 17th and 33rd streets, bordered on the north by railroad tracks and on the south by the MoPac Trail.
To be eligible, homebuyers must be at or below 80 percent of the area’s median income — $52,900 for a family of four. Rehabilitation needs can include code work, making the home more energy-efficient and meeting accessibility needs.
In addition, grant funds will provide up to $15,000 of downpayment and closing cost assistance to each buyer through a zero-interest, forgivable loan.
“Houses rehabilitated through this grant will provide families the opportunity to increase their assets through homeownership, while visibly strengthening the Clinton Neighborhood,” said Jennifer Buxton of Lincoln Action Program.
The agency is partnering with Lincoln Free To Grow to facilitate the grant process. Free To Grow works in the Clinton Neighborhood to support property improvements, prevent crime and connect neighborhood residents with each other and the community.
For more information or for an application, contact Buxton at 471-4515 or jbuxton@lincoln-action.org.