The speaker at the April 23, 2019, Norfolk Rotary meeting was Roger Nadrchal, CEO of NeighborWorks Northeast Nebraska. He discussed what NeighborWorks does and the new Nor-Park Subdivision in Norfolk. Karen Eisenbraun, the Chief Fiscal Officer for NeighborWorks Northeast Nebraska, was also in attendance at today’s meeting.

 

NeighborWorks Northeast Nebraska was established back in 1994 as a non-profit housing development organization. The organization has office locations in Norfolk and Columbus, is governed by a 9-member board, and is operated by 7 staff members. The organization is mostly funded through federal and state grants. The main NeighborWorks programs used to assist low-to-moderate income families and individuals are:

 

1) Purchase/Rehab/Resell.

2) New Construction.

3) Homebuyer Education.

4) Money Management.

5) Community Development.

 

Since 1994, NeighborWorks Northeast Nebraska has achieved the following:

 

1) Developed 770 single-family homes (132 new homes and 638 rehab/resell homes).

2) 2,825 households have been educated through the homebuyer education program.

3) Offered $10.6 million in down payment assistance at a 0% interest rate. The down payment assistance is usually paid back to the organization when the property resells.

4) Increased real estate values by about $22 million, which has also resulted in more local tax collections.

 

A Norfolk Housing Study was released in 2018 that showed the housing needs for the next five years. It was estimated that the City of Norfolk would need 444 single-family homes and 318 rental units built.

 

The Nor-Park Subdivision grew out of the 2018 Norfolk Housing Study and a March 2017 conversation that Roger had with then-President of the Norfolk Chamber of Commerce, Mark Zimmerer. The Greater Norfolk Economic Development Foundation was able to provide some land for the project. The land is located off of Omaha Avenue, northeast of the NPPD campus and north of the Nucor detailing facility in Norfolk.

 

Nor-Park is a limited liability company that consists of the following entities:

 

-Progressive Builders.

-Mesner Development Co.

-NeighborWorks Northeast Nebraska.

 

Nor-Park then partnered with the following community entities:

 

-Nucor.

-Marty Wohlers.

-City of Norfolk.

 

The Nor-Park Subdivision will consist of the following:

 

1)      Extend Chestnut Street to East Bluff.

2)      Extend East Michigan Avenue a little.

3)      Extending Pasewalk Avenue to East Bluff.

4)      Build a new street, Ferguson Drive, named after Joe Ferguson who has been involved with housing development in Norfolk for several years.

5)      Area for a future city park.

6)      Constructing a walking trail along the North Fork.

7)      New housing construction will consist of the following:

a.       28 lots for single-family homes (detached).

b.       22 lots for townhomes (attached).

c.       4 lots on the north side of the project, owned by Marty Wohlers, will be single-family units.

d.       5 lots for triplexes (15 units).

e.       Two phases for apartments at the southeast end of the project for a total of 4 buildings and 112 total units.

8)      The townhomes and triplexes will have homeowner’s associations (HOAs).

 

Funding is coming from private means, tax-increment financing, and through many local banks/lenders. Homebuyers or investors may purchase lots with no income restrictions. The lots will be purchased through Nor-Park. The purchase must close within 60 days and units need to be built within 12 months of the purchase. Lot pricing and other particulars can be found in the Nor-Park Subdivision brochure. A groundbreaking event for the project will be held this Thursday, April 25, 2019, at 3 PM north of the NPPD campus.