Omaha council backs innovative affordable housing project
November 26, 2024 | Omaha, Douglas County, Nebraska
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Council member Roeth commended Jake Hoppe for his commitment to the project, acknowledging the risks involved and the expertise he brings to the table. He emphasized the importance of community engagement and the thoughtful approach taken to honor the legacy of the building being redeveloped. The project aims to serve individuals with an average median income of 60% or less, with anticipated rents for one-bedroom units around $1,000 and two-bedroom units at approximately $1,150.
The council also discussed the complexities of navigating the Low-Income Housing Tax Credit (LIHTC) process, with members recognizing the unique skill set required for such developments. Council member Bagel noted the challenges faced by developers in this area and applauded Hoppe Development for its capability to manage these complexities effectively.
In closing, the council expressed enthusiasm for the project and its potential positive impact on the North Omaha community, with plans for ongoing collaboration on the city’s affordable housing action plan. The meeting concluded with congratulations to Hoppe Development for its recent recognition by Omaha by Design, underscoring the project's significance and the developer's commitment to enhancing the community.
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