Market study for the City of Omaha, Omaha Housing Authority, and Brinshore Development Co. feeds into grant application
- Collaboration with 3 organizations to prepare an application for a HUD Choice Neighborhoods implementation grant
- Market analysis and contribution to the housing and neighborhood strategy sections of the application
Requirement
As part of their application for a Choice Neighborhoods implementation grant for the redevelopment of Spencer Homes, the City of Omaha, Omaha Housing Authority, and Brinshore Development Co. needed a market study. We were also asked to provide input for the housing and neighborhood strategy sections of their application.
Approach
Spencer Homes is an obsolete family Housing Authority property. However, a successful tax credit development, Highlander Apartments, had been constructed – along with a neighborhood accelerator/incubator built on the site of another former Housing Authority property nearby.
Against that background, we analyzed the market for replacement public housing, affordable rental housing using tax credits, market rate rentals, and for-sale housing. Our study included an assessment of retail demand and potential for specific parcels in the neighborhood.
Results
Working collaboratively with our partners, we provided input for the housing and neighborhood strategy sections of the application. The City of Omaha submitted its application to HUD in September 2018 and is one of four finalists selected by HUD out of 32 applicants nationwide for this grant.