Devine Holdings: Devine 1

ID

155

OrgName

Devine Holdings

PhysicalAddress

4736 n 36th ave

MailingAddress

Website

SocialMediaAccounts

Name

Simaira Anderson

Title

Co-Owner Operator

EmailAddress

sis.simaira@gmail.com

Phone

+1 (402) 972-1671

Team

Yes

TeamExplanation

Architect: will accept at least three bids within my planned budget that can deliver top quality. • Engineer: will accept at least three bids within my planned budget that can deliver top quality. • Construction Manager: will accept at least three bids within my planned budget that can deliver top quality. • Technical Assistance Team: SPARK CDI • Owner’s Rep: will accept at least three bids within my planned budget that can deliver top quality.

OrganizationalChart

Simaira and Andrew are equal co-owners of the LLC. Simaira is the President and Andrew is the Vice President.

OtherCompletedProjects

Simaira is a native Omahan with years of experience in real estate investment. As the point for several investment projects, she has managed construction crews including extensive rehabilitation and renovations. Her organization skills have proven to be beneficial in managing a crew to finish projects with quality and under strict timelines. She is a graduate of the SPARK Developer Academy.

ProposalTitle

Devine 1

TotalBudget

2551000.0

LB1024GrantFundingRequest

2400000.0

ProposalType

Capital project

BriefProposalSummary

The name of this project is called Devine One and will focus on affordable housing development on a vacated double lot currently owned by the Omaha Landbank. In alignment with the ARPA funds, this project provides sustainable housing, addressing the needs of missing middle housing with a target market of 35 to 50% Area median income. Additionally, this project will invest in the scaling of BIPOC businesses in North Omaha

Timeline

Time Frame This project will be done by July 2024. October to April get final plans, rezoned, city council approval, and hire final members of my team. April final answers on funding final plans done and approved May work with team start scheduling ground to be prepped July Break ground plumbing and footings laid

PercentageCompletedByJuly2025

-1.0

FundingGoals

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)

Community Needs

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.)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

The goal of this project is to help transform the appearance of this neighborhood. As I mentioned earlier this lot has been vacant for years. A new modern development will help advance the efforts Holy Name is currently doing in the area. The Devine one project brings a mix in this neighborhood of already populated single family homes. There are more rentals in this neighborhood when it use to be more homeownership. This project addresses homeownership for long lasting economic goals while building generational wealth. this project provides sustainable housing, addressing the needs of missing middle housing with a target market of 35 to 50% Area median income. Additionally, this project will invest in the scaling of BIPOC businesses in North Omaha

VisioningWorkshopFindingsAlignment

My community’s household median income level is less than 25,000 dollars. I live work and serve in this community. I know all to well how the goal of homeownership can seem like just a dream while making minimal wages trying to raise a family. When you make these wages there is obstacles to keep your income. Those obstacles can be childcare, transportation, and safe housing. Devine, one addresses all these obstacles creating connectivity it is on a bus line, blocks away from several childcare facilities all in walking distance. There is grocery stores near by and a local clinic on the same bus line. These key components I have thought through for a long time. I just never understood how I could make this dream work for my community. During covid this is the area was impacted losing their homes and being evicted. Devine, one addresses stable housing, and addresses the infrastructure building in density.

PrioritiesAlignment

Devine one aligns with providing substainable affordable housing

EconomicImpact

Devine one’s economic impact will stay in the community and city. It stops large companies from out of state buying up the land and properties. These companies drive up rental prices, drive out the community members, and take the money to their city. Devine one will hire and partner with those in the community. This will continue stable well-paying construction jobs again keeping the dollars in our community and city. I will accept bids first from businesses in the qualified census track areas. It creates livability in this area.

EconomicImpactPermanentJobsCreated

not sure

EconomicImpactTemporaryJobsCreated

not sure

EconomicImpactWageLevels

general labor 15.00 hr specialized labor 25.00 plus

EconomicImpactAlignProposedJobs

CommunityBenefit

The Devine one project brings a mix in this neighborhood of already populated single family homes. There are more rentals in this neighborhood when it use to be more homeownership. This project addresses homeownership for long lasting economic goals while building generational wealth. The new development creates livability connecting the people with the community

CommunityBenefitSustainability

My community’s household median income level is less than 25,000 dollars. I live work and serve in this community. I know all to well how the goal of homeownership can seem like just a dream while making minimal wages trying to raise a family. When you make these wages there is obstacles to keep your income. Those obstacles can be childcare, transportation, and safe housing. Devine, one addresses all these obstacles creating connectivity it is on a bus line, blocks away from several childcare facilities all in walking distance. There is grocery stores near by and a local clinic on the same bus line.

BestPracticesInnovation

Devine, one addresses stable housing, and addresses the infrastructure building in density.

OutcomeMeasurement

OutcomeMeasurementHow

OutcomeMeasurementCoinvestment

Partnerships

No

PartnershipsOrgs

PartnershipsMOU

Displacement

No

DisplacementExplanation

PhysicalLocation

he two lots are located 4528 N 40th Street and 4522 N 40th Street. This development site is located near public transportation, restaurants, barbershops, schools, daycares, healthcare, shopping, and other amenities that increase the overall quality of life. This project positivity coincides with the other housing developments occurring in the area. The development would include a six tri-level 3-4 bedroom, 2.5 bathroom townhouse with off-street parking.

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

PropertyZoning

No

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

Yes

DesignEstimatingBidding

No

DesignEstimatingBiddingPackageDeveloped

No

DesignEstimatingBiddingCostsDetermined

I asked local builders what they charge per sq ft then I calculated the cost for the engineer and architect by 8%

GeneralContractor

No

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

Selling each unit will not cover the cost to build each one. The fair market rate of a home in this area is about 140,000.

GrantFundsUsage

This project so will provide home ownership to low-income first-time homebuyers. The LB1024 grant funds will support this project by meeting the gaps it will cost to create affordable sustainable housing for the targeted area.

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

FundingSources

In addition to ARPA funding, the LLC has $75,000 in equity, and will secure loan funds from Cobalt Bank in addition to applying for city grants, front porch, spark and TIF funds. 2022 CENSUS TRACT AFFORDABLE HOUSING PROGRAM

FundingSourcesPendingDecisions

December to April

FundingSourcesCannotContinue

ARPRA or Affordable housing program because the gap is to large

Scalability

ScalabilityComponents

FinancialCommitment

equity and bank loans

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

FileUploads

Additional Location Documents (see application for list) Plans and detailed descriptions, including pictures and a map of the site location/surrounding area Pro Forma Proposal Budget/Sources and Uses