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Council approves TIF of up to $6.5 million for Oxworth Apartments amid affordable-housing concerns
Summary
The City Council approved tax-increment financing support for the Oxworth Apartments redevelopment project by a 7–0 vote; community members urged more affordable units while developers said the subsidy is needed to remediate contamination and assemble parcels.
The Omaha City Council unanimously approved tax-increment financing (TIF) support for the Oxworth Apartments redevelopment plan, a proposed new 94-unit market-rate residential building on the former Alameda Dairy site. The motion passed 7–0.
City Planning staff described the project as a residential infill on roughly 1.6 acres that would add 94 market-rate units in a four- to five-story building. Don Seaton of City Planning said the project represents “a $43,000,000 investment in the neighborhood” and listed TIF support as part of the package. The council agenda lists the TIF amount “in an amount up to $6,511,697.” At the hearing the project representatives referred to the TIF figure in slightly different terms; the developer team later described the…
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