Rental Rehabilitation Opportunity
The City of Fremont strives to provide decent, safe and quality housing to Fremont’s low to moderate-income families and to assist in providing improved housing in a responsible way with the social awareness and community needs a constant goal and commitment. This program is operated by the City of Fremont through its Housing Rehabilitation Board and in partnership with Northeast Nebraska Economic Development District. Interested property owners can reach out to email@example.com for more information and/or to apply.
The City of Fremont received a Rental Single Family Rehabilitation award in the amount of $310,500 in August 2022 from the Nebraska Affordable Trust Fund.
The grant does not cover multi-units. The program requires a 50% match and the maximum award is $40K per rehab project.
Program Guidelines include (but are not limited to):
- The property must be rented to tenant households at or below 120% of the Area Median Income (AMI) for Dodge County by standards established by the Department of Housing and Urban Development (HUD) for lower-income assisted housing throughout the duration of the ten (10) year affordability period.
- The Rent limits will not exceed the 65% HUD Home rent limits for Dodge County found at the following link on the NDED website: https://opportunity.nebraska.gov/programs/housing/nahtf/
- Lead-Based Paint Regulation: In homes built prior to 1978, Project will mitigate for any lead-based paint hazards found in its rehabilitation properties and educate property owners and tenants to ensure the health and safety of its benefiting households. Project will work with EPA-certified RRP contractors and/or Nebraska-licensed abatement contractors in accordance with both the U.S. Environmental Protection Agency Renovation, Repair and Painting Rule (RRP) and the Nebraska Residential Lead-Based Paint Professions Practice Act [Nebraska Revised Statutes 71-6318 - 71-6331.01 and NAC Title 178, 23-003].
- Rental housing units located within a special flood hazard area will not be eligible for assistance.