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First National Bank of Omaha Awards $820,000 in Community Development Grants

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Press Release

Contact: Kevin Langin, 402-602-3541
Release Date: May 9, 2019

First National Bank of Omaha Awards $820,000 in Community Development Grants

Programs Support Initiatives Related to Affordable Housing, Neighborhood Revitalization and Economic Development

OMAHA, Neb.  May 9, 2019 – First National Bank of Omaha has awarded a total of $820,000 in community development grants to 45 organizations in Nebraska, Iowa, Colorado, Illinois, Kansas, South Dakota and Texas, announced Alec Gorynski, Vice President, Community Development and Corporate Philanthropy. The grants support programs focused on increasing access to affordable housing, revitalizing neighborhoods and building strong local economies.

“At First National Bank of Omaha, we believe that access to stable and affordable housing in a safe and vibrant neighborhood is the foundation of a family’s well-being,” said Gorynski. “We also believe that strong local economies are the backbone of our communities. Our Community Development Grant Program directs our investments with proven community partners who are working to create positive outcomes in these areas where need is greatest and results are best realized.”

Nebraska and western Iowa

First National Bank awarded $533,000 in community development grants to 24 organizations across Nebraska and western Iowa. Grants for affordable housing and neighborhood revitalization programs will enable the bank’s community partners to build, rehabilitate or finance 407 homes and provide 830 individuals with homeownership education and foreclosure prevention services. These include:

  • $40,000 – Habitat for Humanity of Omaha (Omaha): supports housing construction and neighborhood revitalization in the Adams Park neighborhood in Omaha.
  • $35,000 – Project Houseworks (Omaha): provides home repairs to help seniors stay in their homes.  
  • $30,000 – Holy Name Housing Corporation (Omaha): supports affordable housing construction.
  • $30,000 – Omaha Healthy Kids Alliance (Omaha): rehabilitates homes to improve health outcomes for children and families.
  • $20,000 – Gesu Housing, Inc. (Omaha): supports construction of new homes in the Clifton Hills area in Omaha.  
  • $20,000 – Midwest Housing Development Fund, Inc. (Omaha): provides technical and capacity building assistance to create affordable housing in Nebraska.
  • $20,000 – Seventy Five North Revitalization Corp. (Omaha): supports housing rehabilitation in the Highlander neighborhood in Omaha.
  • $15,000 – Habitat for Humanity of Council Bluffs (Council Bluffs): supports housing construction in Council Bluffs.
  • $15,000 – NeighborWorks Lincoln (Lincoln): provides homebuyer education, down payment assistance and housing rehabilitation in Lincoln.
  • $15,000 – Habitat for Humanity of Columbus (Columbus): supports housing construction in Columbus.
  • $25,000 – NeighborWorks Northeast Nebraska (Columbus): provides homebuyer education, down payment assistance and housing rehabilitation in the Columbus area.
  • $13,000 – Fremont Area Habitat for Humanity (Fremont): supports housing construction in Fremont.   
  • $15,000 – Grand Island Area Habitat for Humanity (Grand Island): supports housing construction in Grand Island.
  • $15,000 – Kearney Area Habitat for Humanity (Kearney): supports housing construction in Kearney.
  • $10,000 – Lincoln County Community Development Corporation (North Platte): supports housing construction in North Platte.
  • $10,000 – North Platte Area Habitat for Humanity (North Platte): supports housing construction in North Platte.
  • $10,000 – Western Nebraska Housing Opportunities (Scottsbluff): supports construction of rental units in Scottsbluff.

Grants supporting economic development initiatives will create or retain 6,000 jobs in Nebraska and western Iowa. These include:

  • $45,000 – Catholic Charities of Omaha (Omaha): provides training, technical assistance and microloans to low-income entrepreneurs.
  • $40,000 – Nebraska Enterprise Fund (Omaha): provides training, mentoring and technical assistance for small businesses in North and South Omaha.
  • $35,000 – Iowa Western Small Business Development Center (Council Bluffs): provides technical assistance and education to entrepreneurs and small businesses.
  • $20,000 – Grameen America (Omaha): provides microloans, credit and asset building to entrepreneurs in the Greater Omaha Area.
  • $20,000 – Nebraska Business Development Center (Omaha): provides consulting and technical assistance to small businesses and entrepreneurs.
  • $20,000 – Rural Investment Corporation (Omaha): provides financing, business training, technical assistance and networking to small businesses in rural communities throughout Nebraska.
  • $15,000 – Midlands Latino Community Development Corporation (Omaha): provides training, technical assistance and access to capital for small businesses and entrepreneurs.

Colorado

In Colorado, First National Bank awarded $140,000 in community development grants to 10 organizations. Grants for affordable housing and neighborhood revitalization programs will enable the bank’s community partners to build, rehabilitate or finance 23 homes and provide 200 individuals with home ownership education and foreclosure prevention services. These include:  

  • $15,000 – Flatirons Habitat for Humanity (Boulder): supports housing construction in the Boulder area.
  • $15,000 – Fort Collins Habitat for Humanity (Fort Collins): supports housing construction in partnership with students from Poudre High School.
  • $15,000 – Greeley-Weld Habitat for Humanity (Greeley): supports housing construction in in the Greeley area.
  • $15,000 – Habitat for Humanity of the St. Vrain Valley (Longmont): supports housing rehabilitation in in Longmont.
  • $15,000 – Loveland Habitat for Humanity (Loveland): supports housing construction and development in Loveland.

Grants supporting economic development initiatives will create or retain 1,300 jobs in Colorado. These include:

  • $20,000 – Innosphere (Fort Collins): provides funding for attracting, incubating and graduating technology startups with high growth potential.
  • $15,000 – Colorado Enterprise Fund (Denver): provides support for small businesses and entrepreneurs in Larimer and Weld Counties by providing capital, coaching and connections. 
  • $10,000 – Accion Colorado (Denver): increase access to capital and provide support to small businesses and entrepreneurs.
  • $10,000 – Larimer County Small Business Development Center (Fort Collins): provides consulting and resources to small businesses and entrepreneurs. 
  • $10,000 – East Colorado Small Business Development Center (Greeley): provides consulting and resources to small businesses and entrepreneurs.  

Illinois

In Illinois, First National Bank awarded $80,000 in community development grants to six organizations. Grants for affordable housing programs will enable the bank’s community partners to build, rehabilitate or finance 16 homes. These include:

  • $20,000 – Habitat for Humanity of McHenry County (McHenry): supports the acquisition and rehabilitation of foreclosed properties.
  • $10,000 – Fox Valley Habitat for Humanity (Aurora): supports housing construction in the Aurora area. 

Grants supporting economic development initiatives will create or retain 750 jobs. These include: 

  • $15,000 – Fox Valley Entrepreneurship Center (Batavia): supports funding for a 90-day accelerator program that provides training, consulting, strategy to small businesses.
  • $15,000 – Waubonsee Community College Foundation (Aurora): provides bilingual advisory services to Spanish-speaking entrepreneurs and small businesses.
  • $10,000 – Accion Chicago: provides financial training and resources to entrepreneurs in Boone, Kane, DeKalb and Kendall counties.
  • $10,000 – DeKalb County Economic Development Center (Sycamore): provides funding to attract industrial, commercial and residential investment to Northern Illinois University Research Park.

Kansas

In Kansas, First National Bank awarded $30,000 in community development grants to two organizations. A grant for affordable housing will enable the bank’s community partner to provide 225 individuals with home ownership education and foreclosure prevention services:

  • $20,000 – KidsTLC (Olathe): assists homeless families in securing permanent housing.

A grant supporting economic development initiatives will assist 150 small businesses in Kansas: 

  • $10,000 – Kansas Small Business Development Center at Johnson County Community College (Overland Park): provides small business consulting and development. 

South Dakota

In South Dakota, First National Bank awarded $20,000 in community development grants to two organizations. Grants for affordable housing programs will enable the bank’s community partners to build, rehabilitate or finance eight homes. These include: 

  • $12,500 – Habitat for Humanity of Clay and Yankton Counties (Yankton): supports housing construction in the Yankton area.
  • $7,500 – Mitchell Regional Habitat for Humanity (Mitchell):  supports housing construction in the Mitchell area.

Texas

In Texas, First National Bank awarded a $17,000 community development grant supporting economic development. The grant will create or retain 60 jobs in Texas: 

  • $17,000 – Accion (Dallas): provides business support and access to capital for underserved entrepreneurs in Collin and Denton counties. 

First National Bank expects to announce additional community development grants in the fourth quarter of this year that will support initiatives that strengthen the workforce.  In 2018, the bank awarded a total of $1.87 million in community development grants to 98 organizations across its seven-state service area. To view First National Bank’s 2018 “First in the Community” Impact Report and learn more about the full extent of its 2018 community contributions, please visit:  https://www.fnbo.com/community/impact-report/

First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska and its affiliates have more than $23 billion in assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.

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