Home Team Auto Sales: Home Team Auto Sales Expansion + 360 Program

ID

356

OrgName

Home Team Auto Sales

PhysicalAddress

6005 Sorensen Pkwy. Omaha, NE 68152

MailingAddress

Website

www.hometeamautosales.com

SocialMediaAccounts

facebook.com/hometeamauto

Name

Candice Price

Title

Owner

EmailAddress

c.price@hometeamauto.com

Phone

+1 (402) 505-4998

Team

Yes

TeamExplanation

Candice Price - Owner, 10+ years experience; Ronald Devers - Owner, 6 years experience

OrganizationalChart

2 owners/principals (Candice Price, Ronald Devers) 1 employee - Beryl Barnes (30 years executive assistant experience)

OtherCompletedProjects

Candice Price is an independent developer and graduate of the Spark Developer's Academy; she has rehabbed residential properties within the North Omaha QCT, and is a licensed Realtor and Real Estate Broker in the state of Nebraska. Together, she and her business partner, Ronald (Ron) Devers, have acquired several commercial properties, including two specific to this proposal, along with one other commercial property acquired last year.

ProposalTitle

Home Team Auto Sales Expansion + 360 Program

TotalBudget

8723081.0

LB1024GrantFundingRequest

6943694.57

ProposalType

Combination of capital project and service/program

BriefProposalSummary

Home Team Auto Sales (HTAS) is a car dealership and repair center located in the North Omaha Qualified Census Tract. In business for the past 5 years, HTAS has offered quality pre-owned vehicles and service to the local community. To expand the much-needed services to the community, HTAS purchased the building next door to its current location, making the beginning phase of this proposal shovel ready as ownership of the first two buildings is complete. This duo will now acquire the 2nd two parcels in order to complete phase 2 of the proposal, which is to create the first black owned large-scale dealership and service center within the North Omaha area, allowing the team to continue to help those within this marginalized community get to success through transportation. Along with this capital project, HTAS has began creating the 360 program which provides financial literacy through the education of the car transaction and car care clinic. We are working to close the knowledge Gap! This in turn will have a direct and immediate impact on lessening the wealth gap. This project will provide 11 Full-time Meaningful Wage Jobs along with several part-time opportunities for high-school aged individuals, along with numerous temporary jobs with specific focus to hire those residing in the North Omaha QCT throughout the construction period. Location: 6005, 6026, 6111, 6125 Sorensen Pkwy, Omaha, NE 68152 Timeline: Expected Project Completion December 2024 (Grand Opening March 2025) 3-year 360 Financial Literacy Program + Car Care Clinic Completion July 2026

Timeline

October 2022, submit CRA Study Request as beginning step for potential TIF Funding (This has been completed) October 2022, submit Economic Recovery Act Proposal (Completed) 10 Month Entitlement Schedule for Zoning Approval (August 2023) Receive Architectual Plans / Bid for local GC (August - October 2023) *As to not begin construction during the winter, construction will begin (March/April 2024) Project Completion: December 2024 with Grand Opening March 2025 3-year Program Timeline: August 2023 - July 2026

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

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.) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

VisioningWorkshopFindingsAlignment

PrioritiesAlignment

EconomicImpact

11 Full-Time Positions with meaningful wages ranging between ($46,000 - $90,000 annually) Several Part time positions for High School Students

EconomicImpactPermanentJobsCreated

11 full time; 3- 6 Part Time

EconomicImpactTemporaryJobsCreated

No less than 20

EconomicImpactWageLevels

EconomicImpactAlignProposedJobs

We are looking to partner with MCC Automotive Program to allow students intern opportunities, as well as full-time employment upon class completion. Along with this, we expect to fund the tuition for 2 students annually through this program to begin and complete their technician training

CommunityBenefit

CommunityBenefitSustainability

BestPracticesInnovation

OutcomeMeasurement

OutcomeMeasurementHow

OutcomeMeasurementCoinvestment

Partnerships

Yes

PartnershipsOrgs

Spark Developer Academy; Lamp Rynerson; No More Empty Pots (provide coaches / instructors for financial literacy training); WOCAN (Women of Color Automotive Network) Provide coaching for on-site and virtual car care clinics; Omaha Public Schools College and Career Academies and Pathways; (we have partnered to assist with helping to attract minority students to the program and will provide training at Omaha North High School once per semester throughout the 3-year program. With expansion and scalability possible upon review of outcomes.

PartnershipsMOU

Spark; No More Empty Pots; OPS

Displacement

DisplacementExplanation

PhysicalLocation

6005, 5025, 6111, 6125 Sorensen Pkwy; Omaha, NE 68152

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

Site control through ownership has been completed for 6005 and 6025 Sorensen Pkwy. Currently in the process of beginning steps for acquisition of other two sites

PropertyZoning

No

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

Yes

DesignEstimatingBidding

DesignEstimatingBiddingPackageDeveloped

DesignEstimatingBiddingCostsDetermined

GeneralContractor

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

GrantFundsUsage

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

FundingSources

TIF Personal Contribution by owners of Home Team Auto Sales

FundingSourcesPendingDecisions

TIF - Summer 2023

FundingSourcesCannotContinue

Yes, requested Omaha economic recovery act funds

Scalability

ScalabilityComponents

FinancialCommitment

We are committed to contributing $570,586.43 towards this project

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

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