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Planning board approves four TIF-backed housing projects, including large Chambers Court redevelopment
Summary
The board approved several Tax Increment Financing (TIF) redevelopment plans — infill townhomes, small rowhomes, and large multi‑phase affordable housing projects — totaling hundreds of units and several million dollars in investment and TIF support.
The Omaha Planning Board voted to approve a cluster of TIF redevelopment project plans intended to add housing stock, including multiple projects targeting affordable units.
Highlights of today’s approvals:
- Charles Street TIF (near 28th & Charles): four new residential lots (two detached single-family and two townhome-style units), total TIF support about $247,563; developer aims to spur infill development in a North Omaha block.
- Brando Townhomes (1303 Park Avenue): seven row homes as part of a broader affordable housing strategy tied to a larger neighborhood redevelopment; TIF support approximately $227,845.
- Chambers Court redevelopment (South of 18th & Willis): a multi-phase, multi-site affordable housing program with 205 residential units across three residential phases and a later commercial phase; total investment about $54.1 million and TIF support reported about $4.78 million; the project includes rehabilitation of historic Chambers Court apartments as well as new construction and uses a mix of LIHTC and historic tax credits.
- Central at Columbus Park (1014 South 20th Street): a seven‑story building of about 156 affordable rental units, TIF support of about $5.35 million.
City staff and developers described each project’s financing mix (including low-income housing tax credits, loans, and TIF support), consistency with the city master plan and TIF criteria, and neighborhood revitalization goals. The board approved all projects (motions were seconded and carried, typically 6–0). Developers and staff said projects aim to add mixed-income and affordable units across North and near‑downtown Omaha neighborhoods.
