147
Straightline Development
16255 Woodland Drive, Omaha, NE 68136
Jim Posey
Member
jimposey@cox.net
+1 (402) 660-9700
Yes
Jim Posey - Member Melvin Sudbeck - Member Ryan Durant - LIHTC Consultant Jacob Starnes - Manager
The developer/builder consists of Melvin Sudbeck and Jim Posey who have a combined experience of over 50 years in the development and construction industry. Melvin Sudbeck has been building homes and developing real estate in the Omaha metro and surrounding areas for over 25 years. Jim Posey is the owner of JDP property management and has been in property management for over 20 years.
Straightline Development is a new organization that strives to transform communities by providing high quality, sustainable, affordable housing. This proposal will help us provide affordable housing to low income families in an area that desperately needs it.
Townhomes at Spaulding
5488698.0
2400000.0
Capital project
The Townhomes at Spaulding will be much needed new construction infill housing on vacant land in the City of Omaha on 51st Ave and Spaulding Street. There will be 4 new construction buildings consisting of 4 townhomes per building for a total of 16 units. All the units will be 4 bed/2 bath units consisting of 1,855 square feet with washer and dryer, range, refrigerator, microwave, dishwasher, storage, and garage. The land sits in residential area and is entitled for the proposed use. The market study shows strong demand for affordable multi-family housing. This location has great visibility and its proximity to schools and services including a bus stop will be very beneficial to residents.
We can begin construction within 5 months of award. A permit from the city usually takes 3 months.
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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) 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) Quality of Life (i.e., create or enhance natural spaces, mixed uses, parks, safety, etc.) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)
Our proposal helps cater to growing families, specifically helping service lower income families (60% AMI and lower). It will help create transformational opportunities within the community as families will have access to high quality, energy efficient, affordable housing. The site is located across the street from Fontenelle Elementary School which provides an advantage for young families.
We’re supporting the community needs in providing affordable, family oriented homes to help provide for a nurturing environment.
LB1024 places an emphasis on housing needs, assistance for small businesses, and business development within communities in Omaha's qualified census tracts. Our proposal provides much needed housing to low income families in a QCT area while also providing short-term and long-term job creation for the area.
Temporary - 12 jobs over a 12 month period at $33/hour Permanent - 8 jobs at $25-$28/hour
8
12
Temporary Construction Jobs: $33/hour Permanent Jobs: $25-$28/hour
We will be prioritizing small business partners and contractors within qualified census tracts to build long term relationships. This will create temporary and permanent jobs to further increase economic development and wealth creation within the community.
We are taking unused, vacant lots and turning it into a productive asset in the form of livable housing. This will generate tax revenue as well as provide 16 residential dwellings.
Our proposal will contribute to community sustainability by being able to leverage the existing streets, sewers, & infrastructure to fully utilize the implementation of infill housing. It will also benefit education within the family by increasing the propensity for children to excel in their educational endeavors due to having a close proximity to educational resources (walking distance to elementary school).
We plan to incorporate the best proven practices by building quality, energy efficient housing. This will include solar, which makes our project more environmentally sustainable. Innovative water collection for the ability to use recyclable water for community garden.
We believe families will see an improved educational experience due to the close proximity to educational resources.
These outcomes are measured by our staff and our productivity within the community.
Yes, our project has the potential to create a tipping point that other developers will notice and bring the potential of millions of dollars in infill housing to the community.
Yes
Prospective partnerships to include the Omaha Housing Authority.
No
The physical address is 5110 Spaulding Street. The site consists of 1.45 acres of vacant, unused land.
Within one or more QCTs
Yes
Yes
Yes
Yes
Yes
Yes
Yes
We are uploading our proposal budget/sources and uses.
Funding Gap created by the COVID-19 pandemic & supply chain constraints. This proposal will allow our shovel ready project to begin construction.
Yes
NIFA & tax credits coupled with monthly rents will allow this project to achieve sustainability.
We have applied for a low income housing tax credit award through the Nebraska Investment Finance Authority and will receive a decision on our application within the month.
We have applied for a low income housing tax credit award through the Nebraska Investment Finance Authority and will receive a decision on our application within the month.
This project cannot continue without the LIHTC award from NIFA.
No
We have purchased the land and paid carrying costs in addition to architecture, engineering, mechanical, design, site surveying, soil borings, etc. Legal and site engineering for public right away to the North on Ruggles Street.
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Additional Location Documents (see application for list) Data table of uses (breakdown of how the requested funds will be used for your proposal) Documentation of site control (proof of ownership, option, purchase contract, or long-term lease agreement) Plans and detailed descriptions, including pictures and a map of the site location/surrounding area Pro Forma Proposal Budget/Sources and Uses Request Rationale Documentation