Front Porch Investments

The Southwest Iowa Foundation (SWIF) and Front Porch Investments are thrilled to announce an RFP for the development of rental housing at 628 1st Avenue, Council Bluffs, Iowa. This project aims to spur economic revitalization and enhance housing options in downtown Council Bluffs. SWIF is seeking a developer to whom it will offer the land for this important initiative. The successful applicant will be prepared to develop at least 40 rental units. We are encouraging proposals that deliver significant community benefits and drive economic growth. Projects that are ready to commence construction quickly will receive priority consideration. This prime site is located on approximately 0.65 acres, currently zoned for commercial use (C4) and strategically located near downtown and major transport routes. Recent site preparations include asbestos removal and building demolition, paving the way for new developments. Who Can Apply? Developers based in Omaha or Council Bluffs are preferred, but all qualified firms are welcome to submit proposals. This initiative directly addresses local housing needs and provides a unique opportunity for impactful development. The site is in a designated opportunity zone, allowing access to local, state, and federal funding sources to support project viability. Timeline: RFP Release: October 15, 2024 Proposal Due: December 5, 2024 Final Award Notification: January 17, 2025 For more information and submission guidelines, visit https://lnkd.in/gGxTpHas. Join us in making a positive impact on the Council Bluffs community! 🌟 #AffordableHousing #RealEstateDevelopment #CouncilBluffs #CommunityImpact #FrontPorchInvestments #SWIF

This week Front Porch and our partners at the City of Omaha had the honor of hosting Tom Perez, Senior Advisor and Assistant to the President and Director of the White House Office of Intergovernmental Affairs for an insightful conversation on how Omaha is leveraging American Rescue Plan Act (ARPA) funds to foster public/private partnerships and expand affordable housing options. A special thank you to Seventy Five North Revitalization Corp. for letting us show off your latest project and to Senator John Fredrickson for promoting the many innovative ways Omaha has used ARPA funding and helping organize this visit.

Big congratulations to Spark CDI and its developer partners on today's launch of the Co-Development Apprenticeship program! Front Porch is a proud supporter of this work, and we can't wait to see the successful developments that result from this innovative approach.

We are delighted to share that Aidan Posey has joined Front Porch Investments this week as our Housing Loan Program Manager! He brings experience with financial analysis, portfolio management, and housing development, and a passion for economic development, community engagement, and serving the Omaha community. Please help us welcome Aidan to the Front Porch team!

Front Porch Investments is #hiring! We are seeking a new team member to manage the Greenlining Community Advisory Committee and Development & Preservation Grant Committee. Please share this position with those in your networks who have experience with group facilitation and grant management and are committed to community engagement and housing equity! https://lnkd.in/dj-g8bnn

Congratulations to Mercy Housing on the recent reopening of the Timber Creek apartments! Front Porch is a proud investor in this effort to renovate and preserve 180 affordable units in our community. https://lnkd.in/gztz2jY7

Registration for Omaha by Design's newest design competition, Duplex by Design, is closing soon! Duplex by Design is a design competition for age-accessible and affordable duplex homes, aiming to generate designs and raise awareness of this type of Missing Middle Housing. Winning designers will receive a cash prize, and the designs will be included in a new chapter of ObD’s Affordable by Design Playbook. The competition is funded by an AARP Community Challenge Grant, with technical assistance from the RL Mace Universal Design Institute, a national expert in age-accessible design. Competition registration will be open until September 16, and the final submission deadline is October 18. For more information visit: https://lnkd.in/gzb6Y4Mg

Front Porch is #hiring for a Development and Preservation Fund Manager with experience in project management, real estate development, or finance to build a pipeline of applicants and projects, effectively deploy loan/grant funds, and oversee ongoing evaluation and improvement efforts. Please help us spread the word! https://lnkd.in/e_-PJTny

Front Porch is proud to have helped support this study and looking forward to this presentation of its findings!

Front Porch Investments is pleased to announce nearly $6.2 million in awards from the fourth cycle of the Development and Preservation Fund through a partnership with the City of Omaha. Together, these projects will bring nearly 300 new units of affordable housing into the Omaha metro. The Spring 2024 awards bring the total amount to over $33 million awarded to date, since 2022. All $20 million in ARPA funds have been awarded. In total, more than 1,500 units of affordable housing will be developed or preserved through this partnership. Congratulations to all of the awardees, including: 2557 Jonest Street, AI Investments, Hoppe Development, Metropolitan Area Planning Agency, Omaha by Design, Reimagine , and Rise. For information on the awarded projects, see the full announcement: https://lnkd.in/gf5snXAh