Catalyzing Affordable Housing Development
At Front Porch Investments, we believe that strategic partnerships and innovative funding solutions are key to expanding affordable housing. By leveraging public-private collaborations, we work to:
- Reduce acquisition costs for developers, making projects more financially feasible.
- Revitalize underutilized properties and ensure that vacant land is transformed into affordable housing.
- Create opportunities for developers, including emerging firms and those focused on equitable housing solutions.
- Accelerate impactful projects that align with community needs and long-term housing stability.
Through our Requests for Proposals (RFPs), we connect mission-driven developers with opportunities to create housing that serves low- and moderate-income households while fostering economic and neighborhood revitalization.
Development of affordable housing near 96th Drive and Cady Ave
Applications Now Closed
Front Porch Investments and New Visions Homeless Services (NVHS) are pleased to announce a transformative development opportunity. We are inviting proposals from qualified and mission-aligned real estate developers to lead the development of a transformative, community-centered, affordable or mixed-income housing project on a currently vacant 4.72-acre site located south of 96th Drive and Cady Avenue in Omaha, Nebraska.
The Opportunity
This Request for Proposals (RFP) represents a unique opportunity to advance equitable housing development on land already acquired by NVHS, where a complementary housing vision is being realized for veterans exiting homelessness. NVHS is in the early stages of developing 46 units of permanent supportive housing for senior veterans on the parcel to the north of this site. The southern parcel will be conveyed to a selected development partner that demonstrates alignment with the values of New Visions, a clear commitment to long-term affordability, and the capacity to deliver an impactful housing development that complements the surrounding neighborhood.
The parcel will be conveyed for $1 to reduce financing barriers for affordability.
Proposals from both nonprofit and for-profit developers are welcome.
Proposals that incorporate trauma-informed design, family-sized units, and publicly accessible green space will be viewed favorably. We especially welcome proposals that advance housing justice and inclusive neighborhood development.
Key Details
- Site Location: South of 96th Drive and Cady Avenue, Omaha NE, 68134
- Site Condition: The site is currently undeveloped with grass-covered and wooded areas. An existing pipeline easement limits building area in some locations.
- Infrastructure Needs: Estimated costs to extend and pave Cady Avenue and improve sanitary, water, and stormwater are at approximately $1 million. NVHS anticipates at least a 50/50 cost share with the selected developer.
- Development Goals: Affordable or mixed-income housing, with some units affordable to households between 30-50% AMI preferred.
Application Timeline
- RFP Release: July 15, 2025
- Informational Webinar: 11:00am on Wednesday, July 23rd, 2025
- Proposals Due: 12pm on Friday, August 22nd, 2025
Review the RFP package for detailed submission requirements and complete timeline.
Application Deadline
Proposals are due to hello@frontporchinvestments.org by 12pm (noon) on Friday, August 22nd.
Evaluation Criteria
Proposals will be evaluated on experience, proposed use, community benefit, financing approach, and design quality.
Application Instructions
For full details and submission guidelines, please refer to the RFP package.
Past land RFP projects
2211 Douglas Street – Omaha, NE
Front Porch Investments in collaboration with Together Omaha released a request for proposal to the development community to redevelop the 2211 Douglas Street site into affordable housing. Hoppe Development will transform a vacant building in Omaha’s urban core into a mixed-income housing community, with 73 units total. 28 units (51%) will be designed for Seniors aged 55+ households earning at or below 60% of the area median income (AMI). The remaining units will be market rate condominiums. This redevelopment not only preserves affordability in a rapidly changing part of the city but also expands housing choice.
The project strategically aligns with Omaha’s housing needs, ensuring that units remain accessible and affordable for at least 45 years. Additionally, Hoppe Development is in partnership with an emerging developer from Spark’s coDA program, Donell Brown, also a graduate of Spark’s Developer Academy, to build capacity and equity in the industry. Pending disposition and the conditional awarding of Federal Low Income Housing Tax Credit funds, demolition of the existing structure is anticipated to begin in fall 2025, with construction anticipated to begin in spring 2026, and the first residents could move in by fall 2027.
628 1st Avenue – Council Bluffs, IA
In partnership with the Southwest Iowa Foundation (SWIF), FPI supported the search for a developer to reimagine the former YMCA site in downtown Council Bluffs. Lincolnshire Investments and Door 3 Properties will build a 56-unit mixed-income housing development. By repurposing a long-vacant site into much-needed housing, increasing housing supply and promoting economic growth in a key corridor of the city.
Offering a mix of market-rate and affordable housing options, this project will provide high-quality, sustainable housing with a mix of studios, one-bedrooms, and two-bedrooms at a range of price points. With pre-development work completed, construction is projected to begin in late 2025, with completion estimated in 2027.
