Real Estate Development

Revitalizing Lincoln Neighborhoods

NeighborWorks Lincoln (NWL) is a valuable stakeholder in Lincoln’s affordable housing real estate market. NWL contributes to the community’s housing stability, particularly in older neighborhoods. NWL’s Real Estate Development program engages homeowners, private contractors and community volunteers in activities that improve existing housing in Lincoln. This revitalization work reinvests more than $500,000 in Lincoln neighborhoods each year.

NWL’s efforts include purchasing vacant properties in need of renovation. Homes are either updated or, if beyond repair, demolished and rebuilt. The homes that NWL purchases for redevelopment aren’t economically feasible investments for the private market. The homes are usually rundown, vacant rental properties that have a history of high calls for services, including calls for mental health services, reports of drug activity and repeated violations of Lincoln housing or health codes.

NWL’s investment in these properties provides an opportunity for individuals or families who have completed home buyer education to purchase high quality, safe and affordable homes they can be proud of, while building the confidence of existing homeowners in the neighborhood to make further investments in their homes.

Buyers who complete our training are better able see the long term benefits of investing in the community. Those benefits include high quality, owner-occupied homes; increased tax revenue; safe, viable neighborhoods; decreased crime and increase property values.

The community benefits from stable owner-occupied residences that might have earlier been run-down and/or a rental property. This brings a new spark to neighborhoods. Rehabbing problem properties and replacing dilapidated properties with newly constructed homes brings up the value of the entire neighborhood. When problem properties are addressed and educated buyers invest that brings a stabilizing effect to the community.

Opening Doors in Our Community

NeighborWorks Lincoln is a non-profit organization dedicated to community revitalization through an active partnership of resident leaders, private businesses and public officials. We open doors for people to achieve their dreams of home ownership and for others who desire a safe and attractive neighborhood.

I love NeighborWorks! I love my NW clients and I love telling people who do not know about NeighborWorks what it is. We are lucky to have NW in Lincoln.

– Johanna Rhoads, Lincoln Realtor