OMAHA, Neb. (KMTV) — Omaha is trying to increase its affordable housing. Mayor Jean Stothert accepted a $20 million check Monday that should help.
“But look at this as an incentive,” said Stothert. “It incentivizes more developers to invest in building affordable housing, and it makes it more financially capable to do that.”
The regional director for HUD or Housing and Urban Development presented the check.
Omaha will set up a loan pool that prospective housing developers can tap into. The housing will be for specific areas in need of revitalization.
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