Fremont Home Fund: Transforming Housing in Fremont, Nebraska

The Greater Fremont Development Council has made significant progress in tackling housing challenges through the Fremont Home Fund. This initiative aims to rehabilitate dilapidated properties, reactivate upper-story downtown spaces, and facilitate owner-occupied infill housing. It exemplifies a community-driven effort to improve living conditions and increase housing availability. With a $1.5 million low-interest revolving loan fund, the program is actively reshaping Fremont’s housing landscape. Here, we recap the program’s accomplishments and highlight its impact.

A Multifaceted Approach to Housing

The Fremont Home Fund focuses on the following:

• Rehabilitating Dilapidated Housing: Upgrading properties in disrepair to enhance living standards and neighborhood aesthetics.
• Infill Development: Supporting the construction of owner-occupied homes on lots where houses previously stood.
• Downtown Revitalization: Converting unused upper-story spaces into modern lofts and apartments.

Key partnerships with organizations such as Habitat for Humanity and Rebuilding Together provide additional capacity to undertake projects that might otherwise go unfunded. With funds still available, GFDC invites new applicants to join this transformative initiative.

Spotlight on Completed Projects

NECO Investment’s Historic Transformation

Dan Freeman, co-owner of NECO Investments, embarked on an ambitious project to renovate a 140-year-old building in a historic neighborhood. Initially purchased as an investment property, the project became a meaningful contribution to Fremont’s housing ecosystem.

“The building was so dilapidated that we had to vacate all tenants and completely overhaul it,” Dan explained. The project faced unforeseen challenges, including contractor issues and budget overruns. “I was desperate,” Dan shared, “but then my mother saw an ad about GFDC’s program, and I reached out.”

The Fremont Home Fund provided a low-interest loan, enabling Freeman to turn a daunting challenge into a viable project. Partnering with Care Corps’ Lifehouse, his renovated property is now a safe and affordable option for residents working to rebuild their lives. “This project has taken on new meaning for me,” Dan said. “I’m proud to provide housing for those in need.”

Todd Hoppe’s Downtown Renovation

Todd Hoppe revived a second-story downtown apartment that had once belonged to his late accountant. Left untouched for decades, the property had suffered significant water damage and neglect. Although Todd initially planned to self-fund the project, he quickly realized that external support would be necessary due to its scale.

“GFDC approached me about their program,” Todd recalled. “It was the easiest process I’ve ever experienced.” With the support of the Fremont Home Fund, Todd transformed the space into a modern family apartment, revitalizing Main Street and addressing the city’s housing shortage. “This program accelerates projects that would otherwise take years,” Todd noted. “It’s great for Fremont and inspires others to take action.”

Moving Forward

The Fremont Home Fund has already proven its value by completing two transformative projects, and three more are currently underway. With funds still available, GFDC encourages property owners and developers to take advantage of this opportunity to revitalize Fremont’s housing stock.

Get Involved

If you have a project that aligns with the program’s mission, contact the GFDC today to learn how the Fremont Home Fund can support your vision. Together, we can continue to make Fremont a vibrant and welcoming place to live.

Contact Therese Hoyle at thoyle@fremontecodev.org for more information or to apply!