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
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 objective of the partnership is to bring relief to the pent-up housing shortage in Southwest Nebraska and provide economic stability to the Southwest Nebraska region by providing quality affordable housing to families at or below 120% of Area Median Income and connect eligible homebuyers to financial assistance toward the purchase of a newly constructed home in the communities of McCook, Benkelman, and Cambridge, Nebraska. The awarded funds are being used as a revolving new construction loan. Benkelman and McCook have completed and sold homes. Now the funds can be used to assist Cambridge, or any of the partner communities, to continue constructing new quality affordable housing.
Down Payment Assistance Information:
Rural Workforce Housing Loan Fund
MEDC’s low interest loan program to assist new or rehab workforce construction.
Thank you to the generous support of our local community in providing over $350,000 in pledges toward the 2022 round of RWHF.