Kenzeaton LLC: Multi Unit Affordable Housing

ID

301

OrgName

Kenzeaton LLC

PhysicalAddress

5809 Longview St. Papillion NE 68133

MailingAddress

Website

SocialMediaAccounts

Name

Kevin W Melcher

Title

Owner/Registered Agent

EmailAddress

kmelch44@gmail.com

Phone

+1 (402) 208-7536

Team

No

TeamExplanation

OrganizationalChart

OtherCompletedProjects

ProposalTitle

Multi Unit Affordable Housing

TotalBudget

11000000.0

LB1024GrantFundingRequest

2000000.0

ProposalType

Capital project

BriefProposalSummary

Construction of a 50 unit affordable living housing with mixed used retail shop near North 16th Street Omaha NE.

Timeline

Process will start once funds are secured

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

Other Infrastructure (i.e., develop or improve broadband, business districts, roadways, sewer, etc.) 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.)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

Creating new infrastructure and gainful employment for residents of tract 8.

VisioningWorkshopFindingsAlignment

The community lacks new affordable housing in the area along with sustainable employment. This project will address both of these issues.

PrioritiesAlignment

Post pandemic residents are struggling to find gainful employment opportunities and affordable housing.

EconomicImpact

Anticipate 100 jobs will be created with wages set at $25-$30/hour

EconomicImpactPermanentJobsCreated

20

EconomicImpactTemporaryJobsCreated

200-300

EconomicImpactWageLevels

$25-$30/hour

EconomicImpactAlignProposedJobs

Job opportunities will be provided to companies based in approved census tracts

CommunityBenefit

The community will benefit from affordable housing, jobs creation, and community development. Housing will also encourage new residents to move into the census tract being supported.

CommunityBenefitSustainability

This proposal contributes to community sustainability by improving quality of life for current and future residents living in the neighborhood.

BestPracticesInnovation

OutcomeMeasurement

OutcomeMeasurementHow

OutcomeMeasurementCoinvestment

The project will lead by example of how to positively impact the community with affordable housing and job creation.

Partnerships

No

PartnershipsOrgs

PartnershipsMOU

Displacement

No

DisplacementExplanation

PhysicalLocation

In tract 8 of QCT, Near North 16th St. Omaha NE

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

PropertyZoning

Yes

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

Yes

DesignEstimatingBidding

No

DesignEstimatingBiddingPackageDeveloped

No

DesignEstimatingBiddingCostsDetermined

Based off of current cost per door for multi unit housing

GeneralContractor

No

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

Based off of current cost per door for multi unit housing and amount needed for down payment.

GrantFundsUsage

Funds will be used as down payment to finance the remainder of the project.

ProposalFinancialSustainability

No

ProposalFinancialSustainabilityOperations

Financing will be provided to Kenzeaton LLC to complete the project.

FundingSources

FundingSourcesPendingDecisions

FundingSourcesCannotContinue

Scalability

ScalabilityComponents

FinancialCommitment

Organization is committed to financing remainder of funds needed to complete project.

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

FileUploads