According to a proposal in North Platte and Lincoln County, Nebraska titled “Project Shot in the Arm for Housing,” to help ease a housing shortage, DEVCO (Development Corporation of North Platte) has applied for a $172,000 grant in Quality Growth Funds (QGF), which would be matched by DEVCO to incentivize developers to build single-family and duplex housing units.
MHProNews has learned from nptelegraph that a study commissioned in 2010 indicated the need for 850 housing units by 2015. Dan Mauk, president of the North Platte Area Chamber of Commerce and Development, said hotel operators have told him occupancy is up due to employees waiting for housing to become available, not from visitors to the city.
The $344,000 would create a minimum of 43 units, according to DEVCO. Developers would receive $4,000 for each modular, single-family unit, $4,000 for each duplex or $8,000 for a 1,400 square foot single-family home. The return on the investment for the city would be just a few years, plus the construction would add $7.5 million in spending for the city. ##
(Photo credit: klkn-tv–Modular home being sited in Pilger, Nebraska)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.