Lincoln Place
Holdrege Housing Authority, Holdrege Development Corp.

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Holdrege family takes advantage of $25,000 down payment assistance at Lincoln Place

posted: Feb 7, 2012

September 27, 2011 — A Holdrege family is the first to take advantage of a $25,000 down payment assistance program offered by the Holdrege Development Corporation (HDC) for lots in the new Lincoln Place neighborhood.  Kenton and Linda Birtell and their two children will receive the assistance when they close on their completed house, sometime next spring. Birtell is the youth pastor for Mt. Calvary Lutheran Church in Holdrege.  This is such a fabulous opportunity for young families — well for anybody, really — that we don’t want anyone to miss out,” said Charlotte Erickson, executive director of the HDC. “This is like finding money you didn’t know you had.”

The down payment assistance program is available to income-eligible individuals and families who buy and build at Lincoln Place. Income eligibility requirements are set so that many area families can take part, Erickson said. Annual gross income limits to participate are: family of 1, $42,700; family of 2, $48,800; family of 3, $54,900; family of 4, $60,900; family of 5, $65,800; family of 6, $70,700.  The money is available through a $750,000 New Neighborhood grant awarded to Holdrege in 2008 by the Nebraska Department of Economic Development; the grant is administered by the HDC. Additional assistance of up to $5,000 is also available through employee programs at Allmand Brothers and Phelps Memorial Health Center.  Participants can use the money for construction, closing costs and/or the mortgage, Erickson said. The money is actually granted as a loan which is forgiven over 10 years, but it can be used on any of the remaining 16 lots in the neighborhood. Other requirements include that the house must be built within a year and must be occupied by the owner.

Kenton Birtell, right, receives a certificate from Holdrege Development Corporation Board Chairman Kent Person for $25,000 in down payment assistance on a lot in the Lincoln Place subdivision. Pictured from left to right are Amber Lewis, incoming HDC director; Mike Williams, HDC board member; Charlotte Erickson, HDC director; Jerry Thalkin, HDC board member; Kent Person; Doug Simpson, HDC board member; and Linda, Nathan, Hannah and Kenton Birtell.

  Kenton Birtell, right, receives a certificate from Holdrege Development Corporation Board Chairman Kent Person for $25,000 in down payment assistance on a lot in the Lincoln Place subdivision. Pictured from left to right are Amber Lewis, incoming HDC director; Mike Williams, HDC board member; Charlotte Erickson, HDC director; Jerry Thalkin, HDC board member; Kent Person; Doug Simpson, HDC board member; and Linda, Nathan, Hannah and Kenton Birtell.

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