CRANE Celebration: Lydia House

CRANE Celebration: Lydia House

Current rates

Program
Name
Government
Loan Rate
Conventional
Loan Rate
Military Home4.750%*N/A
First Home Targeted4.750%*5.250%*
First Home5.000%*5.500%*
Homebuyer Assistance (HBA)5.500%* - 1st loan
1.000%* - 2nd loan
6.000%* - 1st loan
1.000%* - 2nd loan

Last changed 06/24/22 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. 

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CRANE Celebration: Lydia House

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 Lydia House!

Lydia House
Lydia House is located in Omaha, Nebraska. The development became a part of the CRANE program family in 2007! This project was designed to specifically serve women and families who are homeless or at risk of becoming homeless, many of whom are fleeing domestic violence situations.

The development consists of 82 Low-Income Housing Tax Credit (LIHTC) units. It is located in close proximity of downtown Omaha and Omaha Eppley Airfield - OMA.

Project Financing
Lydia House was developed by J Development Company, LLC. It is financially supported by Low-Income Housing Tax Credits awarded through the CRANE program as well as additional funding sources from Developer Equity, HOME Funds, Federal Home Loan Bank and Tax-Increment Financing.
 
Management & Amenities
Help the Homeless, Inc. manages Lydia House. Some of the amenities include: furnished community room, community laundry room, exterior playground area and an electronic security system!

Supportive Services
Lydia House offers education programs, self-sufficiency programs, employment and training opportunities, congregate meals, transportation, nutrition education classes, crafts, parenting skills, and physical fitness courses. Special services are provided for children, domestic violence, and family reunification. Lydia House provides the first steps toward preventing future homelessness.