Grace Home Solutions: 101 Affordable Omaha!

ID

303

OrgName

Grace Home Solutions

PhysicalAddress

11305 Chicago Cir Omaha NE 68154

MailingAddress

Website

www.ghsbuys.com

SocialMediaAccounts

@ghsbuys

Name

Grace-Daniele Kouassi

Title

101 Affordable Omaha!

EmailAddress

grace@ghsbuys.com

Phone

+1 (308) 224-4075

Team

Yes

TeamExplanation

Grace-Daniele Kouassi- CEO/ Melissa Pederson- Director of Operations/ Nick Pacal-Director of Sales/ Vanessa Rafols-Director of Marketing/ Fidel Kouassi- Head of Construction Management

OrganizationalChart

OtherCompletedProjects

We have completed multiple projects in the North Omaha and South area that consisted in purchasing residential real estate and adding value to them.

ProposalTitle

101 Affordable Omaha!

TotalBudget

5000000.0

LB1024GrantFundingRequest

5000000.0

ProposalType

Capital project

BriefProposalSummary

Grace Home Solutions is an entity owner by Kehud Royal Estates (the mother company). Grace Home Solutions' goal is to purchase and renovate 101 existing homes by 2024. This goal will be achieved by marketing to existing homeowners in the following zip codes: 68110, 68111, 68112 and 68131. We then plan on helping 101 other families purchase those homes through strategic partnerships with local banks and businesses such American National Bank and Habitat for Humanity. Our plan is to market, find, and acquire single family houses in North Omaha in order to remodel them and help families in need find an affordable home. Our mission is to improve lives in our community one house at time. Grace Home Solutions is owned by an African woman named Ahou Grace Daniele Kouassi who has immigrated to the United States at the age of 16. She has found a passion in helping families in need in the North Omaha community by providing an easy hassle-free process to buy and/or sell their homes. Through this project, we plan on impacting the lives of 500-1000 people given the fact that the average family we plan on helping has 5 members.

Timeline

Starting in January 2023, we plan on purchasing and renovating 25 homes each quarter. During that time, our goal is to find and assist families get prepared for the purchase of their affordable homes.

PercentageCompletedByJuly2025

1.0

FundingGoals

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)

Community Needs

Policy (i.e., develop or improve context-sensitive education, finance, health, training, zoning, etc.) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

Grace Home Solutions' goal is to purchase and renovate 101 existing homes by 2024. This goal will be achieved by marketing to existing homeowners in the following zip codes: 68110, 68111, 68112 and 68131. We then plan on helping 101 other families purchase those homes through strategic partnerships with local banks and businesses such American National Bank and Habitat for Humanity. Our plan is to market, find, and acquire single family houses in North Omaha in order to remodel them and help families in need find an affordable home. Our mission is to improve lives in our community one house at time.

VisioningWorkshopFindingsAlignment

We believe that our plan aligns with the visioning workshop summary because of the cultural and economical aspect of our project. 101 Affordable Homes is designed to provide affordable home ownership to families whom otherwise would have never qualified to have anything. We have decided to do it in North Omaha because of the reach cultural

PrioritiesAlignment

We believe our proposal aligns with LB1024 because it will be focused in the main areas LB1024 focuses. It aims at enhancing the quality of lives of the people living in these areas.

EconomicImpact

We plan on creating jobs through our strategic partnerships with the construction companies we will use.

EconomicImpactPermanentJobsCreated

EconomicImpactTemporaryJobsCreated

30 jobs

EconomicImpactWageLevels

$20-$40 per hour for our construction workers

EconomicImpactAlignProposedJobs

We plan on partnering up with local businesses such as Luna Construx and Rooforia.

CommunityBenefit

We believe that home ownership provides pride. The population in North Omaha consists mainly of rentals. Rentals that are sometimes not taken care of by the landlords. Children grow up in an unclean environment which is not theirs on top of that. With our program, we plan on helping 101 families move into freshly remodel homes that are affordable but that are also theirs.

CommunityBenefitSustainability

We believe our proposal contribute to community economic sustainability because the homes being purchased will allow each family to build a strong economic foundation given the fact that they will own an asset which will increase in value over time. It will also help the families improve their credits-if need be.

BestPracticesInnovation

Best practices will be incorporated by providing a hassle free and easy way for 101 famiies to purchase their homes in an area which has a strong history of pride.

OutcomeMeasurement

Improved education is definitely an outcome which we want to measure. We believe that homeownership is tied to children's excelling at school. Being in a clean and beautiful environment has a positive psychological benefit for children performance.

OutcomeMeasurementHow

We plan on taking surveys after the 101 families are all installed in their new homes and asking about the children's performance at school.

OutcomeMeasurementCoinvestment

Not sure at this moment.

Partnerships

Yes

PartnershipsOrgs

American National Bank, Frontier Bank, Platinum Title and Escrow, ExP Realty.

PartnershipsMOU

Yes.

Displacement

No

DisplacementExplanation

PhysicalLocation

11305 Chicago Circle Omaha NE 68154

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

PropertyZoning

Yes

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

Yes

DesignEstimatingBidding

Yes

DesignEstimatingBiddingPackageDeveloped

Yes

DesignEstimatingBiddingCostsDetermined

GeneralContractor

Yes

GeneralContractorPublicCompetitiveBid

No

GeneralContractorPublicCompetitiveBidWhyNot

Previous working relationship

RequestRationale

see attached

GrantFundsUsage

We will use the funds to market and acquire existing properties. We will then renovate the properties and help the families purchase them.

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

The money received from the sale of the properties will be reused for further investments.

FundingSources

FundingSourcesPendingDecisions

FundingSourcesCannotContinue

Scalability

The project is scalable.

ScalabilityComponents

Martketing, home purchase, home renovations, payroll, others

FinancialCommitment

We have already invested over $150,000 in the purchase and renovations of 1407 N 33rd St Omaha NE 68131 and 3011 N 28 Avenue Omaha NE 68111.

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

FileUploads

Documentation of site control (proof of ownership, option, purchase contract, or long-term lease agreement) Organizational Chart Proposal Budget/Sources and Uses