Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Workforce Housing topic
No spam. Unsubscribe anytime.
Planning board approves Holy Name workforce-housing TIF plan for six new homes
Summary
The Omaha Planning Board unanimously approved a TIF redevelopment plan enabling six single-family workforce homes near Fort Street and N. 24th, funded in part by state workforce-housing dollars and a Holy Name revolving loan that reuses sale proceeds to build more units.
The Omaha Planning Board on a unanimous vote approved the "Workforce Housing Three Round Two Fort Circle" TIF redevelopment plan, allowing six single-family homes to be built northeast of Fort Street and North 24th Street.
City planner Bridget Hadley summarized the project and asked for the board's approval. Bridget Hadley said the project is a Holy Name workforce housing effort that "complies with the master plan as well as the zoning" and is appropriately zoned for single-family residential construction.
Lea Goodwin of Holy Name Housing described financing and design details, saying the nonprofit used funds from the Nebraska Department of Economic Development and that "we are able to use them and put them into a revolving loan" so sale proceeds can be reinvested to build more homes. She said the units will be three-bedroom, two-bath homes of just over 1,500 square feet, typically listed at $245,000 and intended for middle-income households.
Staff recommended approval and the board moved to approve the TIF redevelopment project plan; the vote was recorded in the affirmative by all board members present.
Why it matters: the project uses state workforce-housing dollars and a revolving loan model to create permanently reusable local affordable-housing capital. City staff said the development complies with existing zoning and the city master plan, and Holy Name said the model helps deliver market-accessible homes for middle-income households.
What's next: the project will proceed through any remaining permitting and construction phases; sale proceeds will return to Holy Name's revolving loan fund for future developments.
