The Annex Group to Develop $52.7 Million Affordable Housing Community in Lincoln, Nebraska

by Channing Hamilton

LINCOLN, NEB. — The Annex Group is developing Union at Antelope Valley, a $52.7 million affordable housing community in Lincoln. Partners on the project include BVH Architecture, REGA Engineering Group and Summit LIHTC Consulting. US Bancorp Impact Finance provided more than $21 million in federal Low-Income Housing Tax Credit equity financing, while Cedar Rapids Bank & Trust provided more than $25 million in debt financing. Annex’s construction arm, Annex Construction of Nebraska LLC, is the general contractor.

Situated on 1.7 acres within the eastern portion of downtown Lincoln, Union at Antelope Valley will offer 187 apartments across five stories. Units will come in one-, two- and three-bedroom floor plans and will be affordable to tenants earning at or below 60 percent of the area median income. The project is slated for delivery in summer of 2025.

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