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Kretchmer Associates

Kretchmer Associates

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North 30th Street Transformation Plan – Omaha, NE

Market study for the City of Omaha, Omaha Housing Authority, and Brinshore Development 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 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.

Related Projects: Affordable Housing, Midwest, Municipal

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Kretchmer Associates
807 Davis Street #2004
Evanston, Illinois 60201-7103
(847) 864-8895
vsk@kretchmerassociates.com

About Us

Founded in 1985, Kretchmer Associates is a certified WBE with expertise in all aspects of residential, retail, commercial, and industrial real estate analysis in the Chicago metro area and throughout the rest of Illinois, Indiana, Wisconsin, Iowa, Missouri, Kansas, Nebraska, and Minnesota.
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