NeighborWorks Northeast Nebraska

What NeighborWorks Northeast Nebraska does

NeighborWorks Northeast Nebraska is a private nonprofit 501(c)(3) community development corporation founded in 1994 (originally as Elkhorn Valley Community Development Corporation) and headquartered in Norfolk, Nebraska, with a second office in Columbus established in 2007. The organization serves low-to-moderate-income individuals and families across eight Northeast Nebraska counties (Butler, Colfax, Cuming, Madison, Pierce, Platte, Stanton, Wayne) through four core programs: the Purchase Resell Rehab Program (acquires, rehabilitates, and resells homes to income-eligible buyers with up to $20,000 in 0% down payment assistance), the New Construction Program (develops subdivisions such as Nor-Park, Quail Meadows, Woodland Park, and Centennial Park), Homebuyer Education Workshops offered in English and Spanish for $50 per participant, and Money Management Classes. Since inception the organization has developed over 800 homes and surpassed $10 million in cumulative down payment assistance loans.

The organization's underlying technology stack is minimal: it relies on standard website CMS infrastructure, reCAPTCHA on contact forms, and the third-party eHome America platform (coupon code NWNEN14) for online course delivery. There is no proprietary technology platform. Business model is hybrid: the organization generates nominal earned revenue through $50 class fees and recycled down payment assistance loan repayments (due upon resale of the property), while the bulk of operating and development capital is sourced from federal, state, and local grants (including Nebraska Affordable Housing Trust Fund), NeighborWorks America network support, USDA Rural Development programs, charitable donations, and a tiered investor/sponsor program with local banks and city governments (Platinum $10,000+, Gold $5,000+, Bronze $1,000+, Associate $250+). Marketing and customer acquisition are community-led, driven by referrals from local banks, realtors, word-of-mouth, National NeighborWorks Week and Homeownership Month events, and direct in-person consultations at the two office locations.

Name

NeighborWorks Northeast Nebraska

Legal name

NeighborWorks Northeast Nebraska

Website

https://nwnen.org

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

NeighborWorks Northeast Nebraska is a private nonprofit 501(c)(3) community development corporation that provides affordable housing solutions, down payment assistance, and financial education to low-to-moderate-income families across eight Northeast Nebraska counties, serving over 800 families since 1994.

Ownership category

akta.pro rank

Product category

Affordable Housing and Community Development Services

NAICS

New Housing For-Sale Builders (236117)

SIC

General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Public Housing & Social Housing Development/Modernization Programs (FSALAKAH), Housing Rehabilitation, Weatherization & Home Repair Grant/Loan Programs (FSALAKAJ), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing programs
• Homeownership assistance
• Homebuyer education
• Down payment assistance
• Community development

Headquarters

HQ city

Norfolk

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Down Payment Assistance Loans: Provides 0% interest down payment assistance loans up to $20,000 to eligible homebuyers. Loans are due back upon resale of the property. This is the core program supporting homeownership for low-to-moderate income families.
2. Educational Classes: Offers Homebuyer Education courses (English and Spanish) for $50 per participant, and Money Management sessions. These courses provide revenue while fulfilling the organization's educational mission.
3. Federal, State, and Local Funding: Uses federal, state, and local funds to support housing programs and operations. Sources include Nebraska Department of Economic Development and USDA programs.
4. Donations and Planned Giving: Accepts charitable donations via mail, online, and through planned giving vehicles including wills, life insurance, securities, stocks, bonds, and mutual funds. Has established accounts with Columbus Community Foundation and Norfolk Community Foundation under Nebraska Community Foundation.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

NeighborWorks Northeast Nebraska is a nonprofit community development corporation that delivers affordable housing programs in eight Northeast Nebraska counties. Its core offerings include a Purchase/Resell/Rehab Program providing rehabilitated homes with 0% interest down payment assistance loans up to $20,000, New Construction Program developing subdivisions and multi-family housing, Homebuyer Education Workshops ($50 fee, English and Spanish), and Money Management Classes.

Product overview

NeighborWorks Northeast Nebraska is a private nonprofit 501(c)(3) organization offering a comprehensive housing assistance platform consisting of four core programs: the Purchase Resell Rehab Program (PRR) for rehabilitated homes with down payment assistance, the New Construction Program for new builds, Homebuyer Education Workshops for financial literacy, and Money Management Classes for budgeting guidance. The organization develops subdivisions (Nor-Park, Quail Meadows) and multi-family housing (River Fork Villas, Phillip Avenue Apartments) to serve low-to-moderate income families in Northeast Nebraska.

Differentiator

Problem solved

Functional benefit

Products and services

• Purchase Resell Rehab Program (PRR) Homeownership assistance program that purchases, rehabilitates, and resells homes to income-eligible buyers, with down payment assistance up to $20,000 at 0% interest, no monthly payments, due upon resale. Targeted at low-to-moderate income individuals and families in Northeast Nebraska.
• New Construction Program Development program providing newly constructed homes in subdivisions such as Nor-Park, Quail Meadows, Centennial Park, and Bradshaw for qualified income-eligible buyers. Includes single-family lots, townhomes, tri-plex units, and apartment buildings.
• Homebuyer Education Workshop Educational course teaching the homebuying process including budgeting, credit, mortgage loans, down payment assistance, home shopping, negotiations, inspections, closing costs, and maintenance. Available in English monthly and in Spanish on request. $50 fee per participant. Available in-person and online through eHome America.
• Money Management Classes Financial literacy course providing tips on budgeting and credit management through 30-45 minute sessions. Available in-person and online through eHome America. Offered free or as quick sessions to support prospective homebuyers and the broader community.

Quantifiable outcome

• 800+ homes developed since 1994
• +6 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Nine partnerships are on record, tiered core and supporting.

• Growing Together Career Scholar ProgramcoreStrategic or Co-development Partner · 28 August 2023Partnership that brought forth the Phillip Avenue Apartments multi-use housing project for Wayne State College students, providing 52 residential units.
• NeighborWorks AmericacoreStrategic or Co-development PartnerNational network affiliation (chartered member since 2005) providing access to resources, best practices, and national branding. Platinum Sponsor of the organization.
• Mesner Development Co.coreStrategic or Co-development PartnerJoint venture partner in Nor-Park Development, LLC for the 20-acre Nor-Park Subdivision project in Norfolk, NE. Partner in developing single-family lots, townhomes, tri-plex units, and apartment buildings.
• Progressive Builders, Inc.coreStrategic or Co-development PartnerJoint venture partner in Nor-Park Development, LLC for the 20-acre Nor-Park Subdivision project in Norfolk, NE. Construction partner for housing development.
• City of ColumbuscoreStrategic or Co-development PartnerStrategic partner in Quail Meadows development project. City partnership providing support for multi-phase subdivision offering diverse housing options in Columbus.
• Wayne State CollegecoreStrategic or Co-development PartnerPartner in Phillip Avenue Apartments project providing student housing for 45 Wayne State College students. Groundbreaking ceremony included WSC President Marysz Rames.
• Greater Norfolk Economic Development FoundationcoreStrategic or Co-development PartnerLand provider for Nor-Park Subdivision development. Partner with Nucor in land acquisition for the 20-acre housing development tract.
• NucorsupportingStrategic or Co-development PartnerLand provider alongside Greater Norfolk Economic Development Foundation for Nor-Park Subdivision land acquisition.
• City of NorfolksupportingStrategic or Co-development PartnerPartner in Nor-Park Development. Approximately 4 acres of land dedicated to the City of Norfolk for a new city park in the Nor-Park neighborhood.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• NeighborWorks America: National congressionally chartered network that NWNEN is a member of since 2005; sets standards, provides funding, training, and branding to ~250 member CDCs — broad incumbent that defines the ecosystem in which NWNEN operates.
• Local Initiatives Support Corporation (LISC): National CDFI that finances affordable housing, community facilities, and economic development through local offices — comparable operating model combining public funding, private capital, and direct real estate development across regional markets.
• Enterprise Community Partners: National nonprofit that develops and preserves affordable housing, including mixed-income multifamily, and operates the Enterprise Community Loan Fund — overlaps with NWNEN's subdivision development and DPA lending activities at significantly larger scale.

Direct peers

• BRIDGE Housing: West Coast nonprofit affordable housing developer producing mixed-income rental and for-sale homes — comparable ownership/development model for projects like Nor-Park and Quail Meadows, though at larger urban/suburban scale.
• Mercy Housing: Nonprofit affordable housing developer operating across multiple U.S. states, building mixed-income rental and for-sale housing with resident services — closely comparable mission, multifamily development approach (analogous to River Fork Villas and Phillip Avenue), and target demographic.
• Habitat for Humanity International: Largest U.S. nonprofit affordable housing organization, building and rehabilitating homes for low-to-moderate income families through local affiliates — directly mirrors NWNEN's Purchase/Rehab/Resell and New Construction models and target population.
• NeighborWorks Capital: CDFI serving the NeighborWorks network with flexible capital for member CDC real estate development — directly comparable as the network-aligned financing vehicle that complements NWNEN's USDA Intermediary lending activity.
• Community Housing Partners: Virginia-based nonprofit that develops affordable housing, weatherizes homes, and provides financial education across rural communities — comparable multi-program platform serving rural/small-metro LMI families.

Regional players

• Eden Housing: California-based nonprofit affordable housing developer and operator of multifamily rental properties — comparable multifamily development and resident services model to River Fork Villas/Phillip Avenue Apartments, though concentrated in a different geography.

Emerging players

• Rural Community Assistance Corporation (RCAC): CDFI serving rural Western U.S. communities with affordable housing development, infrastructure loans, and training — comparable rural focus, federal-funding access, and housing-counseling/education programming.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/neighborworks.northeast.nebraska
• LinkedInlinkedin.com/company/neighborworks-northeast-nebraska

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NeighborWorks Northeast Nebraska