|$239,373 awarded to Three Rivers Housing Development Corporation|
APRIL 25, 2012 (LINCOLN, NEB.)—The Nebraska Department of Economic Development (DED) has awarded $239,373 HOME funding to Three Rivers Housing Development Corporation (HDC), a nonprofit Community Housing Development Corporation based in Tekamah, to undertake a Purchase/Rehab/Resale program.Five first-time homeowners earning at or below 80 percent of the median area income and living in Burt, Cuming, Dodge and Washington counties may qualify for as much as $10,000 down payment assistance. Three Rivers HDC also will invest up to $10,000 in basic rehabilitation assistance per home, with a possible additional $10,000 per home to remove any existing lead base paint.
Those individuals who qualify for the program are required to go through the Reach Home Buyer Education Program as part of their preparation for becoming first-time homeowners. Three Rivers HDC provides new homeowners with energy conservation tips and kits to help budget for monthly utility expenses.