One business loan was approved during the NED, Inc. meeting. A $250,000 loan was approved for Puntney Family Properties, LLC, in Columbus. Aaron and Jayme Puntney are planning the expansion of their business Puntney Family Properties, LLC, which is one of five companies they own based out of Columbus. The company operates in the transportation services sector in the lower 48 states. The expansion involves the construction of a new facility on Highway 30 east of Columbus. They currently lease an 8,000-square-foot building at 2255 E. 12th Ave. in Columbus. The new building will be 24,700 square feet, located approximately a half-mile west of the Platte/Colfax County line.
“NED, Inc.’s loan to the Puntney’s will allow them to continue building and growing their company and providing seven additional jobs in the Columbus and Platte County area,” said NENEDD Business Loan Specialist Jeff Christensen.
Also during the meeting, the board approved a one-year contract extension for NED, Inc.’s NAHTF grant 20-TFHP-15004 to complete the three remaining contract units, and one additional unit, to expend the remaining $116,565 in direct homebuyer assistance project funds. The extension request is necessary due to Covid-19 pandemic related issues earlier during the grant contract period, including a rapid increase in housing prices, as well as rising non-housing inflation, causing affordability declines. That, in turn, put a temporary halt to the homebuying process for LMI individuals. The requested extension date is August 11, 2024.
“To date, seven of the ten contract units have been completed and $183,435 in NAHTF direct homebuyer assistance funds have been expended, in addition to $60,000 in matching funds,” said NENEDD Housing Loan Specialist Mandy Gear. “Applications are taken on a first-come, first-ready basis and will be accepted until all funds have been allocated.”
The next NED, Inc. and NENEDD Board of Directors meetings will be held on Wednesday, Aug. 30, 2023. The NED, Inc. meeting will start at 7 p.m. and NENEDD at 7:15 p.m., or following the NED, Inc. meeting. The agendas will be posted on the website on Monday, Aug. 28, 2023, after 5 p.m. The meetings will be held at the City of Norfolk Offices — Training Room, 309 N. 5th St., Norfolk, NE 68701.