OMAHA — The City of Omaha is poised to make what Mayor John Ewing Jr. called its “single largest investment” in affordable housing as part of his effort to close the gap between the “haves and have-nots.”
Seed money would come, the mayor and his team said, via the sale of bonds to be repaid by anticipated tax-increment financing revenue tied to the streetcar project.
The city’s plan for the controversial streetcar already had called for some TIF-related proceeds to help create affordable housing — but not until around 2031 or later, said Ewing, who campaigned partly on finding solutions to make renting or buying homes more accessible.
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