84
Straightline Development
16255 Woodland Drive, Omaha, NE 68136
Jim Posey
Member
jimposey@cox.net
+1 (402) 660-9700
Yes
Jim Posey - Member Melvin Sudbeck - Member Ryan Durant - LIHTC Consultant Jacob Starnes - Manager
The developer/builder consists of Melvin Sudbeck and Jim Posey who have a combined experience of over 50 years in the development and construction industry. Melvin Sudbeck has been building homes and developing real estate in the Omaha metro and surrounding areas for over 25 years. Jim Posey is the owner of JDP property management and has been in property management for over 20 years.
Straightline Development is a new organization that strives to transform communities by providing high quality, sustainable, affordable housing. This proposal will help us provide affordable senior housing to an area that desperately needs it.
Hamilton Village Senior Suites
13044926.0
3820000.0
Capital project
The Hamilton Village Senior Suites will be much needed new construction infill housing on vacant land in the City of Omaha on 41st Ave and Hamilton Street. There will be one new construction 59 unit building with an elevator. All the units will be 2 bed/1 bath units consisting of 811 sq. ft. with washer and dryer, range, refrigerator, microwave, dishwasher, access to a storm shelter. The building will have a community room and supportive services will be offered to all residents. Our market study shows strong demand for affordable senior housing. This location has great visibility and its proximity to services including a bus stop will be very beneficial to residents.
This project has completed engineering, architecture, mechanical, etc. It has been through city planning and the zoning is approved. We are awaiting completion of our TIF application which can take up to 5 months and our permit from the city which can take up to 3 months. If awarded, we can begin construction within 5 months.
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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)
Multimodal Transportation (i.e., enable connectivity through driving, biking, taking transit, walking, and rolling) 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.)
Our proposal helps cater to the 55 and older community, specifically helping service lower income residents. It will help create transformational opportunities within the community as senior single residents occupying larger homes now have access to lower maintenance housing, which in turn creates more housing for younger families to backfill the currently under-utilized single family housing. Additionally, this site is located on a metro area transit bus line which provides effective transportation for our senior residents.
We are providing new construction housing made available to lower income senior households. Specifically located on a bus line.
Our proposal aligns with the strategic priorities by providing much needed affordable housing to residents in the North Omaha area with efficiency. Supportive Services will be included at no cost to the tenant.
Temporary - 25-30 jobs over an 18-24 month period Permanent - 10
10
25-30
10 permanent jobs at an average of $25-$28/hour. 25-30 Temporary Jobs at an average of $33/hour.
We plan to use contractors in the QCT area. This will create immediate construction work for the contractors and build relationships for future projects.
Taking unused, vacant lots and turning it into a productive asset in the form of livable housing. Tax revenue as well as 59 residential dwellings.
Our proposal will contribute to community sustainability by being able to leverage the existing streets, sewers, & infrastructure to fully utilize the implementation of infill housing. We will also be able to further drive participation in metro area transit by being located directly next to the bus line.
We plan to incorporate the best proven practices by building quality, energy efficient housing. This will include solar, which makes our project more environmentally sustainable. Innovative water collection for the ability to use recyclable water for community garden.
We work heavily with the VA and the HUD/VASH programs in providing for safe and secure housing for a vulnerable population.
These outcomes are measured by our staff and our productivity within the community.
Yes, our project has the potential to create a tipping point that other developers will notice and bring the potential of millions of dollars in infill housing to the community.
Yes
Prospective partnerships to include HUD/VASH, Omaha Housing Authority, Emmanuel Hospital and the PACE Program.
No
Northwest corner of 41st & Hamilton. Site consists of 1.25-1.5 acres of vacant, unused land. 4102 Hamilton Street.
Within one or more QCTs
Our Environmental Assessment file is too large to upload (90MB). Please inform us on how to submit.
Yes
Yes
Yes
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Yes
We will be attaching our proposed budget/sources and uses
Funding Gap created by the COVID-19 pandemic & supply chain constraints. This proposal will allow our shovel ready project to begin construction.
Yes
NIFA & tax credits coupled with monthly rents will allow this project to achieve sustainability.
We have been awarded Low Income Housing Tax Credits through the Nebraska Investment Finance Authority, along with HOME Funds. Additionally, we are submitting a TIF application through the City of Omaha.
We are submitting an application for TIF financing in October and expect that process to take 5 months.
This project cannot continue without the LIHTC award of which we have already been awarded.
No
Our organization has already purchased 6 parcels and paid for replatting. In addition, over $300,000 in investment for architecture, engineering, and design. Also, surveying, environmental assessment, soil borings.
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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? Plans and detailed descriptions, including pictures and a map of the site location/surrounding area Pro Forma Proposal Budget/Sources and Uses