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Foundations Development, LLC
2225 Poppleton Ave Omaha, NE 68108
1886 S 126th Street Omaha, NE 68144
www.foundationsdevelopment.com
https://www.facebook.com/profile.php?id=100057634293381, https://www.linkedin.com/company/22343890/admin/
Rob Woodling
President
woodling@cox.net
+1 (402) 578-1505
Yes
Rob Woodling(President and Owner)(20 years experience affordable housing development), Jami Woodling(Vice-President and Owner)(15 years experience affrodable housing development), Pat Engel (20 years experience property management)
Foundations Development, LLC is wholly owned by Woodling Development Corporation which is 100% owned by Rob Woodling. RWI Property Management, Inc. is wholly owned by Rob Woodling. Resident Support, Inc. is wholly owned by Rob Woodling
Foundations Development, LLC has developed or consulted on over $160,000,000 of affordable housing development over the last 16 years. This includes the creation of over 825 units in Nebraska and Iowa. Resident Support, Inc. provides supportive services to over 550 units in Nebraska.
QCT Construction Workforce Development
8500000.0
5000000.0
Capital project
The QCT Construction Workforce Development project will create 50 units of much needed of supportive senior housing near 22nd and Poppleton Avenue in Omaha. The project will commit to 75% of all subcontractor labor from residents of QCTs in Omaha. This will create over 75 good paying construction jobs for QCT residents during construction. The project will have 2 employees after construction that will be hired from QCTs. The project location is owned by the developer and is zoned correctly for the multifamily use. The project will break ground in summer of 2023 and will be completed by the end of 2024. The project will fundamentally transform the Columbus Park neighborhood by creating affordable housing options for seniors to stay in their neighborhood. The project will allow for seniors to pass their homes to relatives to allow for new family formation in the Columbus Park neighborhood. The project will allocate 25% of the units to disabled seniors with services provided by Resident Support, Inc. Resident Support, Inc. has over 8 years of experience of providing supportive services to residents in affordable housing projects. The project is 500 feet from route 24 of the MAT system and will increase ridership. The project is adjacent to Columbus Park and will create a noticeable improvement to the nearby park by removing an adjacent vacant lot. The project will also connect to underutilized public improvements on Poppleton Ave.
After approval, the project will complete applications for TIF within 2 month. The project simultaneously complete plans and specs and apply for building permits. The project will break ground by summer of 2023. The project will complete by the end the 2024.
1.0
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) Policy (i.e., develop or improve context-sensitive education, finance, health, training, zoning, etc.) 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.)
The project will create 50 units of supportive service affordable housing and create jobs targeted to QCT residents. The project is within 500 feet of MAT bus stop. The project will connect to underutilized public improvements. The project will allow residents to stay in a gentrifying neighborhood and allow senior to stay close to family, churches and shopping that they are comfortable with.
The project aligns with the Visioning Workshop Summary in the following ways. In the Uses section for South Omaha, the first item is "Build senior housing next to community center". The Subby Anzaldo Columbus Park Community Center is directly to the south of this project. The second item is "Affordable housing options", this project will be limited to residents at or below 50% of the Area Median Income.
The project creates jobs for QCT residents, creates affordable housing residents with services, and utilizes underutilized public improvements with a team with a proven tract record of delivering projects on time and on budget.
The project will create 75 construction jobs and 2 property management jobs.
2
75
$25/hour on average
The opportunity to work with the general contractor on the project will allow the subcontractors to showcase their ability. This will allow for future work and positive references for those subcontractors.
The project will allow seniors to stay in a gentrifying neighborhood with supportive services. The project will allow for easy access to a community center and public transportation.
The project utilize existing utilities and creates development next to a City of Omaha park.
The project will combine supportive services with affordable housing. Foundations Development, LLC and Resident Support, Inc. will continue to provide servies to the community.
The project will allow for neighborhood residents to move into supportive housing and allow for their homes to be reinveigorated by new families.
The property manager of the project, RWI Property Management, Inc.
The project will lay the groundwork for other development in the neighborhood.
Yes
Foundations Development, LLC-Developer, RWI Property Management, Inc.-Property Manager, Resident Support, Inc.-Supportive Service Provider
All
No
2225 Poppleton Ave, Omaha, NE 68108
Within one or more QCTs
RD Blair, L.L.C. is an affiliate of Foundations Development, LLC and owns the property.
Yes
Yes
No
No
No
Historical averages with inflation factored in.
No
Sources and Uses attached.
The LB 1024 funding will be used as gap funding.
Yes
The project will be self-sustaining.
The project will apply for TIF funding from the City of Omaha. Foundations Development has successfully executed TIF multiple times with the City of Omaha.
TIF for the City would be approved 120 days from the date of application.
None.
No
Foundations Development, LLC will contribute a capital contribution of $144,368 to the project.
1.0
1.0
1.0
1.0
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) Environmental assessment of subject site. Is the property a brownfield site? Organizational Chart 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 Schedule