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.
Cincinnati, OH | 1st District
College Hill Mid-District is the redevelopment along Hamilton Avenue in historic College Hill neighborhood. This development includes the renovation…