First Renters Welcomed To Holdrege’s New Subdivision
19 Aug 2020
Holdrege’s new Madison Avenue was expected to welcome its first residents by the end of August.
At least six households will move into the new Crew Subdivision this summer, said Cris Larson, project director for Mesner Construction.
Mesner is developing the new Holdrege subdivision, which is made possible through a Nebraska workforce development grant, a Nebraska Investment Finance Authority grant and LB840 funds earmarked by PCDC.
Construction started on the subdivision in October. As of July 31, three duplexes were completed and ready for renters.
Larson said nine of the duplexes (18 units) along the new Madison Avenue will be rented to households earning between 50-70 percent of the area’s median income. A tenth duplex will be available with no income restrictions. All of the duplexes are 1,360 square feet and include three bedrooms, one bathroom and a one-car garage. There are no basements, however, reinforced storm rooms have been included in each unit.
The goal is to complete construction on all of the Madison Avenue duplexes by the end of October and have all of the income-restricted units occupied by the end of the year, Larson said.
Mesner will also build three townhomes (six units) on the new Valley Street, and those units will be 1,405 square feet with two bedrooms, two bathrooms, a separate laundry/pantry room and a two-car garage. Those townhomes will be available to purchase with no income restrictions.
Larson said she expects construction to begin on the townhomes this month, or as soon as the building permits are obtained. The goal is to have the townhomes completed by the end of May 2021. She said they could be listed for sale shortly after the first of the year to be shown to potential buyers.
PCDC has purchased the existing 19 lots in the new subdivision and will create a plan for those lots this fall with the goal of attracting developers to build homes in the spring of 2021.
PCDC Executive Director Ron Tillery said the Holdrege City Council tabled but did not kill the plan to pave East Street on the west side of the new subdivision.
“The main concern is funding in the face of opposition from some property owners who would be subject to assessments,” Tillery said. “We're searching for funding alternatives to help the city.”
Larson said 18 households are already on the waiting list for the new Crew Subdivision rental units. To be included on the waiting list, contact Rae Jean Hawk at 308-946-3826, extension 409.