CRANE Celebration: A & P II

CRANE Celebration: A & P II

Current rates

Loan Rate
Loan Rate
Military Home N/A 5.375%*
First Home Targeted 6.000%* 5.375%*
First Home 6.250%* 5.625%*
Homebuyer Assistance (HBA) 6.500%* - 1st loan
1.000%* - 2nd loan
5.875%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 7.000%* 6.375%*
Welcome Home Assistance (WHA)++ 7.250%* - 1st loan
1.000%* - 2nd loan
6.625%* - 1st loan
1.000%* - 2nd loan

Last changed 06/13/2024 at 9:00 a.m
*This is not an advertisement for credit as defined in Reg.Z; contact a participating NIFA lender for Annual Percentage Rate (APR) information. Rates are subject to change without prior notice. 

++An origination fee up to 0.50% of the loan amount may be charged by Lender.

Home / About Residential Developer/Property Manager Community Development

Dec 16, 2021

CRANE Celebration: A & P II

Ambassador & President Apartments!
A & P II is located in the heart of downtown Lincoln, Nebraska, across the street from the State Capitol building! The development became a part of the CRANE program family in 2014.

The development consists of two five-story buildings that are designed in the Art Deco style by architect John A. Alexander. They were originally built in 1928 and have been listed on the National Register of Historic Places since 1993. The historic structures are now used for much needed affordable housing in the downtown area and the CRANE program made this possible!

The development consists of 71 Low-Income Housing Tax Credit (LIHTC) units with studio and 1-bedroom apartments. One of the reasons this project qualified for the CRANE program was that it was designed to serve those with special needs. A & P II is wheelchair friendly and provides 16 handicap accessible apartments. 

Project Financing
A & P II was developed by Excel Development. It is financially supported by Low-Income Housing Tax Credits awarded through the CRANE program as well as additional funding sources from City of Lincoln Loan, Nebraska Affordable Housing Trust Fund, Federal Home Loan Bank, Tax-Increment Financing, General Partner Loan, Deferred Developer Loan, and Midwest Housing Assistance Corp. 

Management & Supportive Services
Excel Development Group manages A & P II. The property offers many supportive services such as: a credit counseling program, tenant counseling, and has an onsite supportive service coordinator.

Some of the amenities of this development include:
o    Handicap accessible apartments
o    All Utilities Provided (Electricity, water, sewer and trash service)
o    Laundry Facilities
o    Exercise Facility
o    Community Room

Explore more information about the Ambassador & Presidents Apartments here: