Holdrege Development Corp.

Holdrege Development Corp. has been awarded the RWHF (LB518 Grant) towards Workforce Housing from NEDED (Nebraska Economic Development Department). Phelps County Development Corporation (PCDC) has put in $250,000 towards the Holdrege Community matching funds. Nebraska Investment Finance Authority (NIFA) will match that $250,000, and the Nebraska Department of Economic Development (NEDED) will add $500,000 from the Rural Workforce Housing Fund, bringing the total to $1M for this project. The project will break ground summer of 2019.  This project will have 10 duplexes with 20-untis (4-bedroom layouts).

Overview and Mission

Holdrege Development Corporation (HDC) is a non-profit group of local investors, businesspeople, and concerned citizens dedicated to acquiring or constructing housing, rental housing, commercial buildings and related facilities, in order to make them available to eligible persons without regard to age, race, religion, sex, martial status, physical or mental handicap (applicants must possess capacity to enter into a legal contract) or national origin. Whether it be a new housing development, rehabilitation projects, cleaning up lots, demolition or in-fill, the HDC seeks government grants or conventional funding for continuous housing for all incomes in Holdrege.

The HDC’s first job was to manage the Down Payment Assistance program awarded to the City of Holdrege by the Nebraska DED in 1995. The program resulted in eight homes being constructed and two additional homes purchased. Recently, the HDC took over administrative responsibilities from the Phelps County Development Corporation (PCDC) for administration of the New Neighborhood grant which created Lincoln Place from the Nebraska Department of Economic Development in 2008.