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Binyard LLC
2604 Jack Pine st, 68123
2604 Jack Pine st
ivwilcox@gmail,com
Harleynda Wilcox
CEO
ivwilcox@msn.com
+1 (253) 222-2242
Yes
Primary Contact: Harleynda Wilcox, MBA, 253-222-2242, Chief Executive Officer, ivwilcox@gmail.com Consultant and Technical Advice: Spark Organization, Jeff Spiehs Olsson, Administrative Specialist: Ivan Wilcox Communications Specialist: Katrina Wilcox Architect – Technical Expert: Daville Philips Accountant – TimCo Tax Associates Legal Counsel – James Stanton
Binyard Investment and Development is a lean organization committed to developing projects that add value to the Omaha community at large while uplifting underserved communities. Our permanent staff include Harleynda Wilcox as chief developer and executive officer with an administrative specialist and communications specialist reporting to her. We outsource finance & accounting and legal to professional services firms and select and select general contracting and architect firms based on the needs of the project.
Harleynda Wilcox is a former Postal Service executive (Postmaster, Redmond, Washington), MBA graduate and a graduate of the Spark Developer Academy. As CEO of Binyard Investment and Development, LLC she has acquired six properties in the Omaha metro within the impact zone with plans to develop projects that bring affordable, safe housing to the area.
Benny Street Four-Plex
899716.0
337970.0
Capital project
This project provides housing with onsite daycare and wrap-around social support services for single-parent students and their children. The result is improved long-term outcomes for these families, and improved capacity for local government housing resources. The United States Interagency Council on Homelessness estimated that there are about 2,400 homeless Nebraskans and about 1,000 homeless students. The Benny Street Four Plex provides a safe affordable housing for residents of the North Omaha 68110 zip code. According to 2020 Statistics, this is the most poverty-stricken area of the city. Additional housing on a otherwise on occupied lot establishes more residents and per capital spending in the neighborhood leading to enhanced stimulation of the local area.
This project is currently in its early stages with Essential Partnerships being formed and cemented. A meeting with city planning has been scheduled for the earliest possible availability. An architect and engineer have been obtained to look at the grounds and discuss a more detailed project timeline
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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)
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.)
Use of the land to provides affordable housing and will increase per capital income in the neighborhood. This is in alignment with the community need to increase residents, and thus increase capital in the neighborhood. Moreover, it aligns with the need to increases the estetics and the quality of life in the neighborhood.
The proposed location and creates investment and development in North Omaha without displacing existing members of the community. The beneficiaries of developing undeveloped land into multi–Family Affordable Housing is an investment into the viability of the community.
The neighborhood has not had new development in more than a generation, the investment will have a sustaining impact on the community.
30 temporary Construction jobs with average pay of $56,000 a year and Increased income in the area.
30
56 to 75 thousand dollars a year.
Increased per capital income in the area. Increased quality of life.
More improved estetics will added to the morale of the community.
Increased residents increase the capital the exchanges hand in the community.
Additional interest and investment in the neighborhood.
Increase in new and remodeled homes. Increase of people moving into the neighborhood.
Yes, the willingness to invest in the area will enhance other developer's interest in the community and its access to the city core.
Yes
Ray Zimmerman of Nebraska Department of Economic Development, for Consultation, Non-Profit Association of the Midland for Affiliate Services BJ Butler of the City of Omaha, Consultation Prairie Stem Of Omaha, for Consultation, Deana Walocha of the Land Bank Angel Starks of Sparks Organization. I am willing to partner with any stakeholder or entity that can help establish these initiatives. Non-Profit Association of the Midlands Contractor: I will contract with local companies to ensure revenue stays in the local area. I have reached out to local Contractors Ronco; however, given the short timeline for reply, no final commitments have been made yet.
none at this time but i am working with several non-profit organizations
No
1508 Benny Street
Within one or more QCTs
Yes
Yes
Yes
No
No
Calculated costs have been made based on national construction ratios.
No
The request is for approximately 80% construction and development cost. The area is economically suppressed and otherwise would not obtain capital because the COC return would not be achievable early on. The ARPA investments goals legitimized the need to make such an investment to enhance the quality of life and viability in the area.
Assist with construction Finance
Yes
Home Loan, equity in Land, ARPA Gap Financing
Binyard Investment and Development owns 6 vacant lots that could accommodate multifamily residents. These Locations include: 4747 Laurel, 4722 Laurel, 3603 Grant, 4835 Taylor, 6125 N 24th Street, and 1508 Benny Street.
Binyard Investment and Development intends to invest, through financing, via Home Financing. Gap funding would be covered by ARPA.
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Pro Forma