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Omaha council directs planning staff to craft TIF policy aimed at boosting affordable housing
Summary
After extensive public testimony for and against, the Omaha City Council voted 5–0 to direct the Planning Department, Affordable Housing Task Force and the TIF Committee to develop recommended policy options for using tax-increment financing to support affordable housing, with a six-month review timeline.
Council members approved a resolution directing the city Planning Department to work with the Affordable Housing Task Force and the Tax Increment Financing Committee to develop recommended policy for use of TIF to support affordable housing and redevelopment projects.
Housing advocates and developers urged the council to act. "We need more housing supply of all types at prices that residents can afford," said Jody Holston, executive director of Front Porch Investments, citing the city's Housing Affordability Action Plan and Front Porch's local investments. Scott Dobby of Omaha by Design said, "TIF has been an essential part of Omaha's urban…
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