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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
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.
Opinion: Resort Towns Must Take Action to Keep Housing Affordable
The workers that keep many popular tourist destinations running find it more difficult to find affordable housing near their jobs as more remote workers move to scenic resort areas.
Opinion: Affordable Housing Key Component of Economic Strategy
As the Richmond area grows, having a greater availability of affordable housing could be crucial to maintaining a strong local workforce.
New Florida Law Curbs HOA Power
The legislation seeks to cut down on ‘absurd’ citations for low-level violations.
New Tennessee Law Allows No-Cost Incentives for Affordable Housing
Local governments in the Volunteer State can now offer developers incentives like increased density, lower parking requirements, and priority permitting for affordable housing projects.
Planners’ Complicity in Excessive Traffic Deaths
Professor Wes Marshall’s provocatively-titled new book, "Killed by a Traffic Engineer," has stimulated fierce debates. Are his criticisms justified? Let’s examine the degree that traffic engineers contribute to avoidable traffic deaths.
Study: Housing Crisis is About Affordability, not Supply
New research shows that there is no overall shortage of housing units, but all U.S. metropolitan areas face a severe lack of affordable units for low-income renters.
Are Race-Based Lawsuits Affecting Community Lenders?
Shelterforce spoke with community lending leaders and experts about the current mood across the sector. What, if anything, are organizations doing to avoid becoming the next target of conservative activists?
New Park Promotes Community and Connectivity in Lewisville, Texas
The city of Lewisville just celebrated the opening of Glory Park/Parque la Gloria, helping to improve park access and the quality of life for residents.
City of Madera
City of Santa Clarita
Borough of Carlisle
HUD's Office of Policy Development and Research
Chaddick Institute at DePaul University
HUD's Office of Policy Development and Research
Colorado Energy Office
Pima County Community College District
City of Piedmont, CA
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