CRANE Celebration: Drake Court Apartments

CRANE Celebration: Drake Court Apartments

Current rates

Program
Name
Government
Loan Rate
Conventional
Loan Rate
Military Home2.250%*N/A
First Home Targeted2.250%*2.750%*
First Home2.500%*3.000%*
Homebuyer Assistance (HBA)3.000%* - 1st loan
1.000%* - 2nd loan
3.500%* - 1st loan
1.000%* - 2nd loan

Last changed 11/18/21 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. 

Residential Developer/Property Manager Home / About Community Development

CRANE Celebration: Drake Court Apartments

CELEBRATING 20 YEARS OF CRANE

The Collaborative Resource Allocation for Nebraska (CRANE) program is a strategic allocation process between NIFA and other collaborating resource providers to accomplish difficult projects. CRANE promotes collaborative partnerships between housing experts and developers that lead to creative financing options, effective partnerships and eventual ground-breakings of innovative projects. Today we are showcasing Drake Court Apartments!

Drake Court Walk Apartments

The Drake Court Apartments are located in Omaha, Nebraska. The development was completed in 2003 and became a part of the CRANE program family! The historic buildings are in close proximity to the Old Market, Midtown Crossing & the Blackstone District. 

The residential complex consists of 138 units, with 108 of them being Low-Income Housing Tax Credit (LIHTC) units. The property features 1, 2, and 3 bedroom rental units.

Project Financing

Drake Court Apartments was developed by NuStyle Development Corporation. It is financially supported by Low-Income Housing Tax Credits awarded through the CRANE program as well as additional funding sources from HOME Funds, Federal Home Loan Bank, and Historic Tax Credits.

Management & Amenities

NuStyle Management, LLC manages the rental units for Drake Court Apartments. Some of the amenities include: 1 3/4 spacious bathrooms, community room, and washer & dryer units!

Explore More

View available rental units and explore more information about Drake Court Apartments!