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Planning Board approves Habitat for Humanity project, backs $874,779 in TIF support
Summary
The Omaha Planning Board unanimously approved plats, an overlay district and a tax-increment financing request for a Habitat for Humanity project at 26th and Corby that will produce 27 for-sale affordable units; staff said total neighborhood investment will be about $7 million and TIF requested is $874,779.
The Omaha Planning Board on Aug. 20 approved three linked proposals from Habitat for Humanity of Omaha that together clear a path for a small, subsidized for-sale housing development at Southeast 26th and Corby streets.
Don Seaton of the city planning department told the board the site comprises vacant parcels east of the city fleet maintenance facility that Habitat will develop into 27 factory-built, for-sale units mostly configured in groups of four. "The total investment in the neighborhood is going to be a little over $7,000,000," Seaton said, adding that the project has requested $874,779 in TIF support and that the city's TIF committee had reviewed and approved the request.
Staff recommended separate approvals for the preliminary and final plats (including expansion of the ACI overlay and a minor lot-depth waiver), for a PUR planned-unit redevelopment overlay, and for the TIF redevelopment plan. Scott Loes of TD2 and Dan Brewer of Habitat spoke in support; there were no opponents at the public hearing. Eric England, planning staff, reiterated that each approval is conditioned on final plans and the items' listed report conditions.
Board members voted 7–0 to approve the plat and waiver, 7–0 to approve the PUR overlay subject to final plans, and 7–0 to approve the TIF plan.
Why it matters: The project delivers 27 for-sale, income-targeted homes and uses a modest amount of tax-increment financing to close a financing gap, a model the city has used on small-scale infill affordable projects. The board's approvals send the package to city council for final action on the TIF and related plats.
What comes next: Staff will require submission of acceptable final subdivision and development plans before the items are forwarded to the City Council for final action.
