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Over $11M awarded through second funding cycle of Development & Preservation Fund for Affordable Housing

A dark blue background has deep colored toned house graphics on the bottom, with the Front Porch logo on the top. "Award Recipient" is in large white font in the middle of the image.

We are pleased to announce over $11 million in the second round of Development and Preservation Fund awards through the partnership matching philanthropic dollars with American Rescue Plan Act (ARPA) funds to support affordable housing development and preservation projects, as well as affordable housing supportive programs.

Front Porch Investments received 41 applications, totaling $35.2 million in requests. Out of these, funding was awarded to 16 organizations. The awarded funds include $10.1 million in short- and long-term loans, and $1.4 million in grants. Notably, long-term loans are funded exclusively through ARPA this round, while short-term loans and grants are made possible by philanthropic sources.  

A review committee (including representatives from the City of Omaha, local housing-supportive organizations, and Front Porch Investments’ board of directors) evaluated applications based on a range of criteria. Loan funding applications went through rigorous underwriting by a funds management partner. 

"We received many strong applications, making this the most competitive round to date. We continue to hear from developers and nonprofits willing to address the need for affordable housing, as resources become available. This partnership of ARPA and philanthropic funds for affordable housing continues to positively impact our community,” said Meridith Dillon, executive director of Front Porch Investments. 

Future funding cycles are planned for August 2023, and biannually thereafter in February and August.

By the Numbers

  • 16 organizations funded (via 17 awards)
  • 221 units of affordable and mixed income housing catalyzed
  • 4 new programs initiated
  • 4 planning grants supporting housing projects and assessments of special population needs 


Loan Recipients:  

AI Investment, LLC - $2,000,000 Construction-to-Permanent Loan  


Brinshore Development, LLC - $1,510,000 Construction-to-Permanent Loan 


Holy Name Housing Corporation - $3,000,000 Construction Loan 


Jendayi Frazer 50 Ventures, LLC - dba 50 Ventures, LLC - $398,665 Construction-to-Permanent Loan 


Lionhead Development LLC - $400,000 Construction Loan 


Seventy-Five North Revitalization Corporation - $1,475,000 Construction-to-Permanent Loan  


Woodling Development Corporation - $625,000 Construction-to-Permanent Loan


Grant Recipients:  

Carole’s House of Hope, Inc. - $49,700 Planning Grant 


Comunidad Maya Pixan Ixim - $196,270 Planning Grant 


inCOMMON Housing Development - $30,000 Project Grant 


Omaha by Design - $134,000 Program Grant 


Restoring Dignity - $279,959 Program Grant; $137,500 Planning Grant 


Southside Redevelopment Corporation dba Canopy South - $88,400 Program Grant 


Spark Capital - $243,750 Program Grant 


World Speaks - $121,928 Program Grant 


Youth Emergency Services - $139,819 Program Grant 


Congratulations to all awardees! To opt in to our email list to be informed about upcoming funding cycles and updates to past awardee projects, sign up here