Budding developers can access funding and low-cost vacant lots for affordable housing construction.
A symposium organized by the Omaha Municipal Land Bank and the nonprofit Spark brought together local developers interested in developing infill properties, reports Cindy Gonzales in the Nebraska Examiner.
The symposium also connected emerging developers, bankers, architects, and others interested in housing development. According to Land Bank executive director Leslie Smith, encouraging infill development could have community benefits beyond just new housing, raising local property values. One such project, ‘Curtis Corner,’ built nine new homes on a formerly vacant lot in North Omaha.
The city recently sold 50 properties for as low as $1 with one catch: the new owners have a deadline to develop housing on the lots. “And as long as the homes are restricted for the designated income-qualified population, the buyer can access gap funding from nonprofit sources such as the local Spark Capital program to bridge the cost between construction and sale price.” The Land Bank is using a $1.25 million state grant to clean up and prepare 20 or more lots for building.
FULL STORY: Unprecedented moves seek to ramp up affordable housing options in Omaha
San Diego School District Could Accelerate Workforce Housing Program
A proposal to build housing on five district-owned properties could yield 1,000 housing units for low- and moderate-income district employees.
Oregon Cities Debate Expanding Boundaries
A recent bill allows cities to apply for a one-time expansion to Oregon’s historic urban growth boundaries, which limit development at the edges of cities.
Colorado Cities Seek to Address Housing Crisis With Modular Housing, STR Rules
Cities are incentivizing more affordable housing types and limiting permits for short-term rentals in an effort to keep housing affordable for residents.
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.
North Texas Transit Leaders Tout Benefits of TOD for Growing Region
At a summit focused on transit-oriented development, policymakers discussed how North Texas’ expanded light rail system can serve as a tool for economic growth.
Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.
Private Donations Propel Early Restoration of Palisades Playground
Los Angeles has secured over $1.3 million in private funding to restore the Pacific Palisades playground months ahead of schedule, creating a modern, accessible space that supports community healing after recent wildfires.
From Blight to Benefit: Early Results From California’s Equitable Cleanup Program
The Equitable Community Revitalization Grant (ECRG) program is reshaping brownfield redevelopment by prioritizing projects in low-income and environmental justice communities, emphasizing equity, transparency, and community benefits.
Planting Relief: Tackling Las Vegas Heat One Tree at a Time
Nevada Plants, a Las Vegas-based nonprofit, is combating the city’s extreme urban heat by giving away trees to residents in underserved neighborhoods, promoting shade, sustainability, and community health.
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