Gov. Heineman Visits Communities to Present Neighborhood Stabilization Funding

Press Release

Gov. Dave Heineman today is visiting several communities to award Community Development Block Grant (CDBG) funding that was announced by the Nebraska Department of Economic Development (DED) last fall. The more than $1.6 million in grant funding is being presented to local officials in Indianola, McCook and Superior.

"These projects take advantage of opportunities to convert vacant or abandoned space into more functional projects, which helps make neighborhoods safer and creates new areas for development," Gov. Heineman said. "This program helps fuel economic growth and I'm happy to present funding that will help these communities move forward."

The grants are part of Nebraska's allocation of Neighborhood Stabilization Program 1 (NSP1) funding from the U.S. Department of Housing and Urban Development's CDBG program. NSP1 funds provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment or blight within communities.

Indianola received $706,700 in NSP1 funds for the demolition of five blighted structures located throughout the community, including a dilapidated downtown commercial building and four dilapidated residential structures. The funding will also help build a new community emergency and storm shelter on the vacant downtown lot.

McCook received $629,700 in NSP1 funds for the demolition of at least six vacant and blighted structures.

The South Central Economic Development District received $312,000 in NSP1 funds for the demolition of six vacant and blighted structures in Holdrege and two in downtown Superior that will prepare the sites for future development.

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