The Village at Omaha

3007 W Street Omaha, NE 68107
Status: Available
Year Built: 2006
Price: UNRPRICED OFFERING
For more information please contact:
john@lihtcadvisors.com
In Cooperation with:

Mike Elliott
Energy Real Estate Solutions, LLC
Managing Principal
701-713-6606
Mike.Elliott@Energyreco.com

# of Units: 36
# of Buildings: 28
# of Stories: 1
Rentable SF: 76,496
Lot Size: 4.2539 Acres
Density: 8.46 Units/Acre

Highlights:

  • Existing LIHTC Property Consisting of Single-Family Homes and Duplexes on Individual Tax Parcels
  • Excellent AMI Growth in Douglas County with a 19.27% Increase Since 2016
  • Home to Four Fortune 500 Companies and Five Fortune 1,000 Companies with the Largest Industries in Military and Healthcare
  • Existing HOME Loan can be Assumed

Description:

The Village at Omaha is a 36-unit affordable housing community located in South Omaha, NE. The property is comprised of 20 single family homes, and 8 duplexes. Residents enjoy access to major shopping areas, dining, and interstates, as well as peaceful surroundings and an array of amenities.

The property was built in 2006 under the Section 42 Low Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires 35 units to be rented to income qualifying residents earning no more than 40%, 45%, 45% HOME, 50%, and 50% HOME of Area Medium Income (AMI) limits, which are provided by the Nebraska Housing Authority. The remaining unit is unrestricted and reserved for the on-site manager. The property is still within its initial tax credit compliance period.

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