Catalyzing Affordable Housing Development
At Front Porch Investments (FPI), 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.
Currently, there are no active RFPs. Please check back for future opportunities or subscribe to our newsletter for updates.
Past Successes in Housing Development
628 1st Avenue – Council Bluffs, IA
In partnership with the Southwest Iowa Foundation (SWIF), FPI supported the redevelopment of a former YMCA site into a 56-unit mixed-income housing development. By repurposing a long-vacant site into much-needed housing, this project aligns with local efforts to increase housing supply and promote economic growth in the area.
Offering a mix of market-rate and affordable housing options, the selected developer is focused on providing high-quality, sustainable housing. With pre-development work completed, construction is projected to begin in late 2025, with completion estimated in 2027.
2211 Douglas Street – Omaha, NE
Front Porch Investments partnered with Together to redevelop the 2211 Douglas Street site into affordable housing. This project will transform a vacant building in Omaha’s urban core into a 73-unit mixed-income housing community, with 52% of units designated as affordable. This redevelopment not only preserves affordability in a rapidly changing part of the city but also contributes to broader revitalization efforts.
The project strategically aligns with Omaha’s housing needs, ensuring that units remain accessible to households earning at or below 60% of the area median income (AMI) for at least 45 years. In addition, this project will integrate an emerging developer into the process to build capacity and equity in the industry. Demolition of the existing structure is anticipated to begin in summer 2025, with construction anticipated to begin in spring 2026. Pending approvals, the first residents could move in by fall 2027.
