Habitat for Humanity Omaha

New Markets Tax Credit Coalition

Omaha,
NE
(2021)

Habitat for Humanity Omaha

Affordable Housing, Habitat for Humanity

CEI Capital Management provided $1.9 million in NMTC financing to Habitat for Humanity of Omaha for the construction of 14 new, affordable, homes.

Investment

NMTC Amount: $2,923,229
Total Project Cost: $4,155,000

IMPACT

92 FTE jobs
5 construction jobs
Constructed or rehabilitated 31 affordable energy star homes.

CDEs

Habitat for Humanity

Investor

US Bank

Project Description

OMAHA HABITAT secured a $2.86M loan to increase economic development in low-income census tracts. They have constructed and/or rehabilitated 31 Energy Star homes as part of the initial phases of a large mixed-use redevelopment project located on a former HUD public housing site. The site and neighborhood received a $25M HUD Choice Neighborhood award, and Omaha Habitat was selected as one of 3 housing developers. The Local Habitat also collaborates with the City of Omaha in Tax Increment Financing and predominately builds in LICs that qualify as TIF eligible districts. All the homes built with this loan were part of an approved or proposed TIF project with the city.

MAP

Address: 3711 North 19 Street, Omaha, NE 68110

Census Tract: 31055000800

PDF Profile

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