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Omaha council approves up to $200,445 in TIF support for six‑unit townhome project at 20th and Jackson
Summary
Council approved a tax‑increment financing contribution for a six‑unit row‑home rental project managed by Gilbarra LLC, with a total neighborhood investment of about $2.2 million and TIF assistance of $200,445.
The Omaha City Council voted unanimously Tuesday to approve a tax‑increment financing (TIF) redevelopment plan to support construction of six market‑rate rental row homes southwest of 20th and Jackson streets.
Don Seaton of City Planning described the proposed development as a residential infill project on a vacant lot that will create six market‑rate rental units. The total private investment in the neighborhood is about $2.2 million; the approved TIF support is up to $200,445, Seaton said. The project, proposed by Gilbarra LLC and managed by Max Honaker, is in the urban core housing and mobility district and will contribute some TIF revenues to streetcar construction costs.
Seaton told the council the project met the requirements for TIF under city rules and had been approved by the TIF committee and planning board. Developer Max Honaker was present to answer questions.
The council approved the TIF plan by roll call vote, 7–0.
Council materials list the developer as Gilbarra LLC (manager: Max Honaker) and describe the project as six rental row homes north of the Super Mercado store. City planning staff said the project complies with the master plan and TIF criteria.
