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Donations needed for the MEDC Housing Fund

AREA News, News, Photo Feature - 12.17.20
MEDC continues to work to expand McCook housing.

Many times when people move to McCook the advice is, “Find a place to live and then in the next 5-10 years you can find the home you want.” Some people are willing to accept this, but others do not.

Housing is hurting our opportunity to recruit people to McCook. Currently, there are 35 homes for sale on Realtor.com for McCook. A healthy housing climate would have over 100 homes listed.

The State of Nebraska approved a $10,000,000 Rural Workforce Housing Grant Fund this year. This is an opportunity where local communities can create a revolving fund to provide low interest financing to encourage new housing construction and substantial residential rehab.

MEDC is putting together a local $750,000 grant request. This will entail a $250,000 request from the state, $250,000 grant request from Nebraska Investment Finance Authority (NIFA), and requires $250,000 to be raised locally.

MEDC has already received a $75,000 matching pledge from McCook Community Development Company (MNB Bank, Pinnacle Bank, and Wells Fargo Bank) and a $25,000 pledge from McCook Community Builders (Community Hospital, First Central Bank, MNB Bank, Pinnacle Bank, and Bison Dental). MEDC will also be contributing to the fund, but can’t cover the rest of the gap.

This is an opportunity to help move our community forward. For McCook and southwest Nebraska we need to invest in ourselves. The grant application with the state requires a strong public, private partnership. If you are able to contribute, please complete the form below.

Why Donate?

  • If the grants are awarded, we’ll immediately get a 200% return on donation for the housing fund.
  • More workforce housing can increase the number of people that live and do business in McCook.
  • The creation of the revolving housing fund will help improve our situation for decades to come.

Pledge Details

  • Pledges need to be made by December 31, 2020.
  • Donation is only accepted if the state grants are awarded to MEDC.
  • MEDC will be informed of the grant award at the end of April, pledges will then need to be collected by June 30, 2021.
  • MEDC is a 501(c)4 and contribu­tions to 501(c)(4) organizations generally are not deductible as charitable contributions for federal income tax purposes. They may be deductible as trade or business expenses, if ordinary and necessary in the conduct of the taxpayer’s business (consult your accountant for more information).

Pledge Form

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Questions

Contact Andy Long at 308-345-1200 or andy@mccookne.org