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Council approves TIF for five‑story 70 Second Farnham apartment project over public affordability objections
Summary
The Omaha City Council voted 6‑1 to approve tax‑increment financing for a proposed five‑story, market‑rate apartment building at 70 Second and Farnham, drawing public criticism that the TIF award does not address the city’s affordable‑housing shortfall.
The Omaha City Council on Monday approved a tax‑increment financing (TIF) redevelopment plan for a proposed five‑story apartment building at 70 Second and Farnham, voting 6 to 1 in favor.
City planning staff described the project as a five‑story building with 76 market‑rate units and one retail bay. Don Seaton of Omaha City Planning said the developer envisions a project that "densifies the city core" and asked the council for approval of the proposed financing.
Opponents during public comment said the project will not address the city's shortage of affordable housing. Cheryl Weston, who identified herself as an opponent, said Omaha has an "affordable housing deficit of 30 to 40,000 houses" and criticized the use of TIF for primarily…
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