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Council approves $810,899 TIF for 51-unit Popleton Project East affordable housing development
Summary
The Omaha City Council unanimously approved up to $810,899 in tax-increment financing support for a $19 million, 51-unit affordable housing project in the Poppleton neighborhood; the project’s capital stack includes low-income housing tax credits, ARPA funds and HOME funds.
The Omaha City Council voted 7-0 to approve a tax-increment financing (TIF) redevelopment plan providing up to $810,899 in support for the Popleton Project East, a proposed 4- and 5-story apartment building with 51 units intended for very low-income households on a vacant lot near 2911 Poppleton Avenue.
Don Seaton of Omaha City Planning described the project as “an affordable housing project located on a vacant lot” and said the development team expects a $19,000,000 total investment. Seaton…
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