113
TERENCE CRAWFORD
3169 LARIMORE AVE OMAHA, NE 68111
2934 1/2 BEVERLY GLEN CIR #398 LOS ANGELES, CA 90077
WISEOWLPROPERTIES.COM
@TBUDCRAWFORD
mark habibi
ADVISOR
markhabibi@yahoo.com
+1 (310) 420-2896
Yes
TERENCE CRAWFORD (INVESTOR) MARK HABIBI (ADVISOR) DAVID JOHNSON (ARCHITECT) DICON COSTRUCTION (CONTRACTOR) LAMP RYNEARSON (CIVIL ENGINEER) ACCESS BANK (LENDER)
TERENCE CRAWFORD – RANKED #1 POUND FOR POUND BOXER IN THE WORLD. OWNS HUNDREDS OF SINGLE FAMILY AND MULTI-FAMILY UNITS IN THE OMAHA AND KC AREA. MARK HABIBI – LICENSED REAL ESTATE BROKER AND LICENSED GENERAL CONTRACTOR. OWNS AND OPERATES THOUSANDS OF SINGLE AND MULTI FAMILY UNITS ACROSS CALIFORNIA, KANSAS, MISSOURI AND NEBRASKA. HAS BUILT SEVERAL GROUND-UP AND MAJOR RENOVATIONS OF SINGLE AND MULTI-FAMILY HOUSING PROJECTS, INCLUDING SEVERAL CURRENT CONSTRUCTION PROJECTS IN OMAHA STUDIO 951 (DAVID JOHNSON) – Studio 951 is a recognized leader in multi-family and mixed use projects. They have designed over 20,000 units with construction values of over 2.5 billion to date. Studio 951 has offices in Omaha and Lincoln, Nebraska. DICON CONSTRUCTION (PATRICK ) Dicon Corporation is a General Contracting and Construction Management firm headquarter in Omaha, Nebraska with extensive experience in the multi-family housing category. Since our founding in 1975, we have successfully constructed more than 2,000 multi-family housing units in Omaha and throughout the Midwest. LAMP RYNEARSON Lamp Rynearson is a client-centric firm that serves clients across the Midwest and Front Range with comprehensive engineering, surveying, landscape architect, planning, and aquatic design services.
PROJECTS IN OMAHA TERENCE CRAWFORD/MARK HABIBI CURRENTLY HAVE UNDER CONSTRUCTION: 3104-3110 STATE STREET (17 UNIT REMODEL) 617 S. 35TH STREET (24 UNIT REMODEL) 305 S. 16TH STREET (SECURITIES BUILDING - 35 UNITS /MIXED USE REMODEL) 3569 DAVENPORT AVE (23 UNIT REMODEL) 4813 UNDERWOOD AVE (24 UNIT REMODEL)
30TH AND RUGGLES
12000000.0
6000000.0
Capital project I do not know Service/program
THE SITE IS CURRENTLY A VACANT CITY BLOCK. THERE ARE NO STRUCTURES TO DEMOLISH NOR ANYONE TO DISPLACE. SOME UTILITY LINES WILL NEED TO BE RELOCATED AND A VARIANCE ON ZONING NEEDS TO HAPPEN. WE HAVE HAD A PRE-APP MEETING WITH THE CITY REGARDING THIS PROJECT AND THERE WAS NO RESISTANCE TO THE PROPOSED VARIANCE. The proposed project would include development of the site with a three story, 36-unit multiple family residential building with a 48 stall surface parking lot on the western portion of the site and a 12-unit townhouse development on the eastern portion of the site.
PLEASE SEE ATTACHED TIMELINE
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Fundamental Change (i.e., a proposal that will continue to elevate North or South Omaha's presence and perception within the region, significantly improving the lives of area residents through physical development) Long-Lasting Economic Growth (i.e., a proposal that will foster gainful employment opportunities and financial investment in the area, leading to the creation of generational wealth and widespread economic vitality in North and South Omaha) Transformational (i.e., a proposal that will help energize, recharge, or spur significant and favorable advancements in North or South Omaha's function or appearance)
Multimodal Transportation (i.e., enable connectivity through driving, biking, taking transit, walking, and rolling) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)
This project will return a vacant block to housing opportunities for individuals and families located within or near several Qualified Census Tracts in North Omaha. The addition of 36 units of multi-family residential units will fill the housing gap that continues to be a need in northeast Omaha. The diversity of housing type on this site will increase the social capital within the neighborhood and the diversity of family type. Furthermore, this site is strategically located between the North Omaha Trail and the proposed Belt Line Trail, which provides access for vehicle-less tenants. The demand for additional housing opportunities in North Omaha has been expressed though the Forever North Study and the North Omaha Development Plan. The proposal expands the number of black owned companies that will attract additional investment in North Omaha and supports recent quality development in proximity to the project site area.
his project meets several opportunities and needs identified in the Visioning Workshop for North Omaha. Alignment areas include leveraging vacant parcels, community ownership, replenishing aging inventory, and investments in workforce housing stock.
This project aligns with several priorities identified within LB1024 for North Omaha, including: - Responding to deepened existing disparities resulting from the disproportional effects of COVID-19 within low- and moderate-income and minority communities - Targeting resources within Qualified Census tracts geographically situated in North and South Omaha - Emphasis on targeting a portion of resources toward housing needs and wealth-building among minority populations effected by historical practices such as redlining
We anticipate permanent jobs to be created with respect to the management and Maintenace of the new proposed structure. In addition, we anticipate hundreds of temporary jobs to be created through the course of construction by various contractors and sub contractors working to build the project.
5
200
We would pay competitive wages for the industry standard.
t is a priority of this project to hire contractors located within the communities where these duplexes will be constructed. Specifically, when building in North Omaha, we will seek North Omaha-based contractors.
The direct community benefit of this project will be threefold. First, the project will produce 36 units at approachable rates Second, the proposal increases livability by locating in a walkable community and third, it provides housing opportunities for students enrolled at Metropolitan Community College
In addition to the benefits listed above, this project will address the need for leveraging vacant properties, as identified in the Visioning Workshops. Revitalizing vacant properties results in increased tax basis for communities, stronger property values for neighboring homes, neighborhood beautification in the removal of unkempt lots, and oftentimes reduced crime activity Furthermore, investments in housing are correlated with increases in regional economic growth, as well as an increase in overall community health and well-being. As noted in the Affordable Housing Study: - $8 million in local income and 122 jobs are generated from every 100 units of affordable housing. - Families in affordable housing are able to spend five times more on healthcare, 30% more on quality food, and two times more on retirement savings.
The enclosed parking creates a more attractive aesthetic and improves North Omaha perception. The outdoor green space provides access to nature, healthy environments and leisure.
Improved living conditions for the residents of North Omaha adding a beautiful structure with modern amenitiies. Property owner will have to pay tax on income adding additional revenue to the city.
tax returns by the IRS/city
not at this time
Yes
B&B Sports Academy (non-profit organization to benefit the youth of North Omaha. Its curreclty unknown how this partner will participate
none to date
No
The project site is located on the southeast vacant city block between 29th and 30th, Ruggles to Spaulding street. It is approximately 1.5 acres of land.
Within one or more QCTs
see attached
No
No
Yes
Yes
No
hired analyst
No
The $6M request allows for a developer profit of 20%, which is in line with the standard market rate.
LB1024 grant funds will specifically be used for development of 36 apartments units at 60% of AMI
Yes
After this initial investment, the revenue generated from renting the units will cover all expenses and debt payments.
see proposed budget
none to date
no
no
MR CRAWFORD IS COMMITTED TO COMPLETING THIS PROJECT USING HIS OWN PERSONAL FUNDS ALONG WITH FUNDS FROM THIS GRANT AND OTHER SOURCES (SEE BUDGET). MR CRAWFORD HAS A DEEP PERSONAL CONNECTION WITH NORTH OMAHA AND IS DEDICATED TO IT'S SUCCESS.
1.0
1.0
1.0
1.0
Plans and detailed descriptions, including pictures and a map of the site location/surrounding area Proposal Budget/Sources and Uses Schedule