Excel Development Group

It's been a pleasure to work with FORTEN Building Group on Wilderness Falls III. These additional 8 duplexes (16 units) of affordable senior housing in Falls City will provide beautiful homes that people can be proud to live in. We can't wait to celebrate the Ribbon Cutting this summer with the Falls City Community, FORTEN, and all of our other partners: Falls City EDGE, NIFAHousing, Nebraska Department of Economic Development, Marble Cliff Capital, Advantage Capital, Horizon Bank-Member FDIC, Architectural Design Associates, REGA Engineering Group, Inc., and Midwest Housing Initiatives.

We celebrated with partners and residents the Ribbon Cutting of Wildwood II, which provides an additional 12 affordable single-family homes to the Sayre, OK community. This brings the total number of homes provided to 24 affordable single-family homes so far between the two Wildwood phases.

These homes are designed to blend seamlessly into the fabric of the community while offering modern amenities and comfort. This initiative underscores the commitment to fostering inclusive neighborhoods where everyone has the opportunity to thrive. These homes stand not just as brick-and-mortar structures but as symbols of hope, stability, and opportunity for the families who can now call them home.

Thank you to our partners: Midwest Housing Initiatives, Oklahoma Housing Finance Agency - OHFA, City of Sayre, CREA, LLC, Advantage Capital, Horizon Bank-Member FDIC, Express Building, Architectural Design Associates, REGA Engineering Group, Inc.

It was great to celebrate the Willow Estates Groundbreaking and thanks to all our partners and speakers: Midwest Housing Initiatives, Kansas Housing Resources Corporation, City of Colby, Marble Cliff Capital, Advantage Capital, Sunflower Bank, Woofter Construction & Irrigation, Architectural Design Associates, REGA Engineering Group, Inc., Union Title Company, LLC, Rick Billinger for Senate, Representative Adam Smith

Affordable housing units under construction in Colby The city of Colby is getting new affordable housing units.

Yesterday, with our partners, we celebrated the Willow Estates Groundbreaking in Colby, KS. The new affordable housing project will provide 9 high-quality affordable duplexes (18 units) to families in Colby.

"I'm thrilled to see more housing come to the City of Colby, and I want to thank Excel Development Group, Kansas Housing Resources Corporation, and all the other partners involved in the Willow Estates housing development. Housing that Kansans can afford is more important now than ever so that our communities can continue to grow and thrive. It's great seeing the new Kansas affordable housing tax credit providing new affordable housing options for Kansas families." – Kansas Senator Rick Billinger

The project was made possible by an award of $448,656 of Federal Low-Income Housing Tax Credits (LIHTC) and State Affordable Housing Tax Credits for 10 years from the Kansas Housing Resources Corporation. It was also made possible by the City of Colby providing a Sales Tax Exemption for the project through the issuance of $5 million of Industrial Revenue Bonds, Fee Waivers, and a Thomas County Neighborhood Revitalization Plan (NRP) Tax Abatement. Permanent financing from Sunflower Bank of $125,497, rounded off the total capital stack for the $6,495,775 affordable housing development.

"Adequate quality housing is a tremendous need and a key element to the growth and vitality of Colby. This housing department will provide the opportunity to attract families to Colby to fill the employment possibilities that exist, both now and as expansion projects are completed. I am excited that the City of Colby is a partner in making this housing development a reality." - Mayor, Lee Leiker

“Midwest Housing Initiatives is very excited and honored to be partnering with Excel Development Group on the Willow Estates project in Colby. It is our mission and goal to provide quality affordable housing throughout Kansas and the Midwest, and we feel this is a perfect opportunity to continue to meet these goals.” - Corey Vandewege, President, Midwest Housing Initiatives

“KHRC is pleased to partner with Excel Development Group to construct 18 new homes for Colby families,” said Ryan Vincent, KHRC’s Executive Director. “We are grateful for the state tax credit resources that made this development possible and look forward to continuing our investment in quality, affordable homes across the state.”

“Sunflower Bank’s participation in the Willow Estates project embodies our mission: ‘Bringing out the best in the lives we touch … Creating Possibility.’ Our $4.5 million investment in this affordable housing development demonstrates our long-term commitment to the Colby community, enhancing quality of life and economic mobility for families.” - Kyle Stingley, National Community Development Lender at Sunflower Bank

Eight units in the Willow Estates development consist of three bedrooms and two bathroom (1,426 SF of living area + 312 SF of garage area = 1,738 total SF), and 10 units in the project are two bedrooms and one bathroom (1,118 SF of living area + 292 SF of garage area = 1,410 total SF). All 18 units will be single levels with exterior features such as partial brick and landscaping. Amenities will include a leasing/maintenance office, single-car garage, washer, dryer, dishwasher, refrigerator, stove, microwave, storage area, and a rear patio. Twelve units are targeted to people making at or below 60% of the area median income (AMI) and pay $640-$715 a month in rent, and 6 units are at 50% AMI and $590-$665 a month in rent. Water, sewer and trash services are provided by the owner.

“We are thrilled for our partners Excel Development Group, Midwest Housing Initiatives, and Woofter Construction to break ground on Willow Estates, a project that will provide much-needed affordable housing options for families in Colby. Marble Cliff Capital is committed to supporting critical community development projects such as this and improving the quality of life for residents. These duplexes will offer a comfortable and convenient living environment, with single-story floorplans and attached garages. We are excited to see this project come to fruition and make a positive impact on the lives of those who will call Willow Estates home,” said Marble Cliff Capital President Jack Kukura.

"As an impact investor with a key focus on affordable housing, we seek to finance developments like Willow Estates to help offset the lack of available housing to people and families that need it most,” said Michael Dubansky, Vice President, Advantage Capital. “We are pleased to support the development of Willow Estates which, once completed, will serve as a critical resource to the Colby community, delivering affordable, quality housing options to area residents.”

“We are excited to be able to break ground on Willow Estates, an 18-unit affordable housing development in Colby, KS. Willow Estates is designed to provide quality accessible housing options for families and individuals with disabilities. We are excited to once again partner with Midwest Housing Initiatives, Marble Cliff Capital, Advantage Capital, and Kansas Housing Resources Corporation to develop the much-needed affordable housing in Colby, KS” said Excel Development Group President Brent Williams.

Development Team:
Midwest Housing Initiatives – Non-Profit and Co-Managing Member
Excel Development Group – Developer and Co-Managing Member
Kansas Housing Resources Corporation – LIHTC State Allocating Agency
City of Colby – Sales Tax Exemption and Fee Waivers
Marble Cliff Capital – Federal Tax Credit Syndicator
Advantage Capital – State Tax Credit Syndicator
Sunflower Bank – Construction and Permanent Loan Financer
Woofter Construction & Irrigation – General Contractor
Architectural Design Associates – Architect
REGA Engineering Group, Inc. – Engineer
Union Title Company, LLC – Title Company

Excel Development Group would like to wish everyone a MERRY CHRISTMAS!

Midwest Housing Initiatives, Excel Development Group, and partners celebrated the groundbreaking of Cardinal Commons I an affordable senior housing development on Thursday, November 30th in Bellevue, NE. The affordable senior (55+) housing development will consist of the new construction of 18 duplexes (36 units) and a community building with a storm shelter. The Cardinal Commons I project is in direct response to the flooding that happened in 2019 where the City of Bellevue lost over 200+ homes.

Thank you to all our partners: Midwest Housing Initiatives, NIFAHousing, Nebraska Department of Economic Development, City of Bellevue, Nebraska, CREA, LLC, Advantage Capital, Horizon Bank, Roanoke Construction, Architectural Design Associates, REGA Engineering Group, Inc., Union Title Company, LLC

The Cardinal Commons I Development was Awarded the Following:
• $729,807 of Federal Low-Income Housing Tax Credits (LIHTC) for 10 years and $729,807 of State LIHTC for 6 years from the Nebraska Investment Finance Authority (NIFA).
• $2 million of Community Development Block Grant – Disaster Recovery (CDBG-DR) Funds in response to the 2019 floods from the Nebraska Department of Economic Development (NDED).
• $280,000 of Tax Increment Financing (TIF) from the City of Bellevue.

The $13+ Million development was also made possible by permanent financing from Horizon Bank, and sponsor loans from Midwest Housing Initiatives and Excel Development Group.

“Congratulations to Midwest Housing Initiatives, Excel Development Group, and the City of Bellevue on today’s groundbreaking. Affordable housing is the top priority that I hear about when visiting communities across the First Congressional District. Local leadership, like this development, is critical to providing the innovation solutions individual communities need to deliver affordable housing for the next generation of Nebraskans.” – U.S. Congressman Mike Flood

“Excel Development Group’s core focus is to improve lives …. by solving community needs with affordable housing. The Cardinal Commons groundbreaking marks a significant milestone in addressing Bellevue’s growing need for accessible and inclusive affordable housing for seniors. Cardinal Commons represents a commitment to creating a vibrant and supportive community for seniors in Bellevue. The project emphasizes affordability without compromising on quality, ensuring that seniors have access to comfortable and secure affordable housing options. Excel is excited to work with the City of Bellevue and the many partners involved, to help make Cardinal Commons a reality." – Brent Williams, President, Excel Development Group

News Links:
https://www.wowt.com/video/2023/11/30/groundbreaking-ceremony-held-new-senior-living-facility-bellevue/

https://www.3newsnow.com/news/local-news/in-your-neighborhood/papillion-lavista-ralston-bellevue/cardinal-commons-development-addresses-critical-need-for-housing-in-bellevue-having-that-option-to-go-somewhere-else-will-be-great-for-them

Glad to be able to play a small role in helping the City of Bellevue rebuild after the 2019 floods! Thanks to all our Partners especially City of Bellevue, Nebraska NIFAHousing, Nebraska Department of Economic Development

Magnolia Ridge II will bring additional affordable family housing to the Stillwater area. We are excited for our continued partnership with Midwest Housing Initiatives, Oklahoma Housing Finance Agency - OHFA, CREA, LLC, Horizon Bank, Architectural Design Associates, REGA Engineering Group, Inc., Express Building, Inc., and City of Stillwater - Government.

Excel Development Group Celebrates The Ground Breaking Of Magnolia Ridge II. — Excel Development Group Excel Development Group Celebrated The Groundbreaking Of Magnolia Ridge II, Bringing Affordable Housing To Families In Stillwater, Oklahoma. STILLWATER, OK– Excel Development Group and Midwest Housing Initiatives celebrated the Groundbreaking of Magnolia Ridge II, on October 26th, 2023, at 1:30pm,...

Say "Hello" to Zachary Kiser, another addition to the growing Excel Team!😀

Excel Development Group continues to grow. We are thrilled to have BreeAhnna McCarver added to the team as a Leasing & Compliance Associate.😃

Please give a warm welcome to Lori Edgerley, a new member of the Excel Team! 😀

Excited to be partnering with Cornerstone of Topeka on their largest affordable housing development to-date! The Southern Hills Senior Homes development will bring much needed affordable housing to the Topeka community. Kansas Housing Resources Corporation

New senior housing is under construction in southeast Topeka. Here's what we know The 12 duplexes are the largest new construction development in Cornerstone of Topeka's history.

There’s just something about a Birds Eye view🦅

Aerial shots are a favorite around here! They capture progress perfectly and get shots you normally wouldn’t see 🤩

Excel Development Group, Wilderness Falls III is moving right along 👊🏼

It was a beautiful day yesterday for the Wilderness Falls III groundbreaking in Falls City, NE. This third phase will bring 16 more units of quality affordable senior housing for the Falls City community. Thank you to our partners: Falls City EDGE(City of Falls City), NIFAHousing, Nebraska Department of Economic Development, Marble Cliff Capital, Advantage Capital, Horizon Bank, FORTEN Building Group, Architectural Design Associates, REGA Engineering Group, Inc., and Midwest Housing Initiatives.

Falls City breaks ground on Wildnerness Falls 3 Falls City broke ground Friday on a senior housing project that is being called proof that housing programs are working in rural Nebraska

It was indeed a beautiful day yesterday for the Wilderness Falls III groundbreaking. Excel is glad to be partnered with FORTEN Building Group in creating more quality affordable housing for the Falls City, NE community.

It’s a beautiful day in Falls City, NE for a groundbreaking ceremony 🎉

We are honored to be a part of this project team and we can’t thank Excel Development Group enough for the opportunity to build a long lasting partnership! 🙌🏼

Meet Excel Development Groups new team member, Hale Dooley. He is a new addition to the Leasing Team, covering western Nebraska!

It was an exciting day breaking ground on the Southern Hills Senior Homes affordable senior housing development in Topeka, KS. The project will provide 24 new affordable senior housing units and a community building to the Topeka community. Now more people will have the opportunity to not have to spend all their income on rent, but can instead invest in themselves, their families, and their communities. Thank you to all out partners on the project: Cornerstone of Topeka, Kansas Housing Resources Corporation, Midwest Housing Equity Group, Horizon Bank, REGA Engineering Group, Inc., SBB Engineering LLC, Architectural Design Associates, Shirley Construction, and special thanks to Pastor Washington and The New Beginning Baptist Church

New senior living facility breaks ground in SE Topeka A new senior living facility breaks ground on Friday, June 23 in the southeast side of Topeka.

We’re very proud of the Canyon Creek project and our continued partnership with the Manhattan Area Housing Partnership and Kansas Housing Resources Corporation in helping provide another high-quality affordable housing option to the Manhattan Community!

Also, a big thanks go to our partners Midwest Housing Equity Group and FHLBank Topeka.

Join Excel Development Group at 3pm for a moment of silence to honor those who lost their lives at war.

We are so glad Matt Jones has chosen to work with us at Excel Development Group on our Leasing & Compliance Team!