Hoppe Development (hoppedevelopment.com) was accompanied by the Mayor of Lincoln, the South of Downtown Community Development Organization and Lincoln Chamber of Commerce to break ground for their Center Terrace project, a transformative effort in housing and placemaking in the South of Downtown neighborhood.
This project features 125 affordable housing units and will integrate a new location for Clinic with a Heart. This project is made possible with Federal Low Income Housing Tax Credits administered by the Nebraska Investment Finance Authority, National Housing Trust Funds from the Nebraska Department of Economic Development, ARPA Funding from the Nebraska Department of Economic Development, City of Lincoln Affordable Housing Funds and tax increment financing. In addition, it has unique support from the Lincoln Community Foundation, Cooper Foundation, Woods Charitable Fund and an anonymous donor who collaborated to provide a program related investment to ensure that significant number of rentals are affordable and accessible to families on voucher programs. They would like to thank all of the above, as well as their financing partners WNC, Horizon Bank, Security First Bank, Pinnacle Bank, West Gate Bank and Union Bank & Trust. Finally, they would like to recognize Lincoln Electric System, who is supporting the projects energy efficiency goals, Community Development Resources, who is administering grant funding to the benefit of the project and Neighborworks Lincoln who supported meaningful community engagement between the neighborhood and Hoppe Development and Lux Center for the Arts, who is supporting an art selection process.
Hoppe Development is vertically integrated company focused on complex real estate projects. They provide affordable housing for median income families throughout Nebraska. Learn more at hoppedevelopment.com.