YCDC receives $1 million housing grant

YORK – The York County Development Corporation has received a $1 million grant from the Nebraska Rural Workforce Housing Fund.

The grant was recently announced by the Nebraska Department of Economic Development.

Authorized by the Rural Workforce housing Investment Act of 2017, the RWHF helps communities create quality, affordable housing to accommodate growth.

For this year’s funding cycle, the awards were available to eligible non-profit development organizations who supplied at least a 50% match.

DED administers the RWHF program on behalf of the state through a competitive application process. The department then partners with recipients to provide input regarding project design, development and implementation.

This particular grant will assist with a new housing development area in the eastern portion of the city of York.

The 10-acre housing development will include a mix of multi-gamily units, duplexes and single-family units. The city is selling the land (as it is currently part of Mincks Park) to the developer, as a statement of intent has already been signed. At least 40 new units are planned and the partners hope the project will expand to cover 40 acres at some point.

The 50% local match will be covered by a donation from the developer to the York Community Foundation which will be then released to the YCDC. From there, it will be loaned at a low interest rate to the developer for use on the housing project.

Thanks for reading this article.
JMWNews.com content is free and never behind a paywall.
We believe in trustworthy, local journalism that is accessible to everyone.