Housing
Recent or Ongoing Projects
North Park Commons
North Park Commons Housing Development
Start 2020 - Expected Completion 2026
With 74 single family lots and 16 duplex lots this project is well underway. 34 of the 90 total lots are complete, 25 are under construction, and 32 are sold to developers and ready to be constructed. This project is expected to create a 30+ million dollar increase in valuation.
Pioneer Trail Flats
Start 2018 - Complete 2020
This 84-unit apartment complex has been open for a couple years now. Units are in full occupancy. This project has created a 9.1 million dollar increase in valuation.
Downtown Development
Garage Flats
Completed in 2024
This project supported by Nebraska Rural Workforce Housing Funds bring 2 affordable units and 2 higher end units to the downtown market adding to the overall appeal of downtown Hastings.
Theatre District
The Theatre District Flats
Completed in 2025
The Flats apartments were made possible through support from the Nebraska Rural Workforce Housing Fund, helping bring to life this 58-unit complex in the heart of Hastings’ vibrant Theatre District. Featuring modern amenities at an affordable price, The Flats might just be the perfect place for you to call home!
Theatre District
Hangar 55 at the Theatre District
Completed in 2024
Hangar 55 at the Theatre District provides 78 units of apartment living for our senior community of age 55 and over. The Theatre District is an up-and-coming neighborhood with commercial, retail, industrial, and living amenities.
Financial Tools
Rural Workforce Housing Funds - Nebraska Department of Economic Development
HEDC has been able to utilize multiple rounds of Rural Workforce Housing Funds through the state of Nebraska. In 2018 the matching and award funds totaled 1.8 million dollars and the funds allowed over 104 units with a17.5 million increase in valuation. In 2022 the matching and award funds totaled 1.6 million dollars and the funds have gone towards 58 units and counting today. 19 of the 58 units have already increased valuation by over 5.5 million. The North Park Commons Housing Development Neighborhood is expected to create a 30+ million-dollar valuation increase overall. Lastly, revolving funds from the 2018 project have built 84 units and counting. We look to continue awarding more projects in the future that add to our community.
HEDC RWHF Revolving Loan Fund
HEDC is committed to supporting the development of affordable housing in the Hastings community. Through its Rural Workforce Housing Fund Revolving Loan Program, HEDC provides loans to projects that create or expand affordable housing options in the area.
This fund is backed by Nebraska Rural Workforce Housing Grant dollars awarded to the Hastings community. As a revolving loan fund, the capital is continuously reinvested, allowing HEDC to support a wide range of housing developments over time—ensuring long-term, sustainable impact across the community. Individuals and developers can apply for HEDC’s Rural Workforce Housing Fund (RWHF) loan through a formal application and approval process.
Coming Soon
Multi-Family Home Project
In total this project is expected to create 198 units on 12-15 acres of a 42-acre property with the hopes of the remaining acres being developed for single family homes. This project is in its infancy and is currently seeking approval, with the intention of construction beginning in fall of 2024.
Multi-Family Home Project
This project is a 58-unit project on 3-5 acres. This project will be a mix of income qualifying and market rate units.