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Council approves $200,445 TIF for 20th & Jackson townhomes; developer to build six market-rate units
Summary
The Omaha City Council approved a tax-increment financing (TIF) agreement to support a six-unit row-home project southwest of 20th & Jackson Streets, awarding up to $200,445 in TIF assistance toward an estimated $2.2 million neighborhood investment; the vote was 7–0.
The Omaha City Council on April 8 approved a TIF redevelopment plan and agreement to support a six-unit row-home infill project located southwest of 20th & Jackson Streets. The council approved up to $200,445 in TIF assistance for a project with an estimated total investment of about $2.2 million.
Don Seaton of City Planning presented the proposal, describing it as a residential infill redevelopment on a vacant lot that will produce six market-rate rental row-home units. The project is intended to align with the urban core housing and mobility district goals and will contribute some TIF revenues toward streetcar-construction costs, Seaton said. The TIF Committee and the City Planning Board recommended approval.
Developer Max Honecker (Gilbarra LLC) confirmed his availability to answer questions, and project manager Martasonia Londono Mejia appeared and provided a business address for the record. One opponent, Larry Storer, testified about broader concerns over TIF transparency and the designation of “blighted” areas in other parts of the city, but the council moved to approve the project and recorded a 7–0 roll-call vote.
Why it matters: TIF awards city support by capturing incremental property-tax growth for specific public improvements or to make a project feasible; here the developer will receive a modest TIF subsidy while contributing to neighborhood investment and streetcar funding.
What’s next: staff will proceed with TIF paperwork and project monitoring. Construction and building-permit approvals will follow standard permitting procedures, and the city will track required TIF compliance and reporting matters.
