MEDC established a housing program through a capacity grant from the Nebraska Department of Economic Development in 2001. Currently, we are providing REACH Homebuyer Education Classes. We have a Down Payment Assistance (DPA) Housing program which is funded through grants from the Nebraska Department of Economic Development Nebraska Affordable Housing Trust Fund, HOME Funds and Nebraska Investment Finance Authority (NIFA).
“To promote affordable housing and economic opportunities in Red Willow County”
Director of Housing Development
A new addition to McCook plans to add 25 100’x100’ buildable lots for market-rate single family housing. Infrastructure will be put in place in 2023 with the intent for phase 1 to begin building in the fall of 2023. Phase 1 will include lots 1-9 on the south side and lots 1-8 on the north side of S street.
Apartment Complex Development
Zoned residential high, this 2.6 acre parcel creates a great location for apartment development adjacent to existing apartments. With Rural Workforce Housing Grant Funds available through MEDC to assist with financing as well as the eligibility of TIF for site preparation, one or two 24 unit apartment complexes can be developed. MEDC is seeking parties interested in development and management of apartments.
Single-Level Living Development
1.5 acres zoned and platted for 6 duplexes with 12 separate lots ready for development in a well-established neighborhood. Based upon housing study results and community feedback, single level living is a community need as the 55-64 age cohort continues to grow.
Interested in discussing building/development?
Innovative Housing Project
FOR SALE: Newly Constructed Wardcraft Home
1606 W 9th St, McCook, NE
- 1370 Sqft.
- 3 Bed, 2 Bath
- Attached 2-Car Garage
- Full Unfinished Basement
- $1000 to Homebuyer
- Down Payment assistance subject to available funds
Eligible buyers must meet income requirements, which are at or below 120% AMI
In partnership with the City of Benkelman and the City of Cambridge, MEDC was awarded a $405,000 state Department of Economic Development grant in 2019 as a part of the innovative housing project. The three entities are using the money to create a revolving new construction project to pay for construction of the home, acquire and prepare a vacant lot, then sell the home and have the money go back into the revolving fund for new construction. Benkelman has completed their first home and it up for sale. MEDC has signed a contract with Wardcraft for a second home to be built and placed in McCook in March of 2022. After one of the homes is sold, Cambridge will be building the third home.