NOTICE OF PUBLIC HEARING

ON EXTREMELY BLIGHTED AREA (EBA)

DESIGNATION

Notice is hereby given that the Omaha City Council has set Tuesday, December 5, 2023 at 2:00 p.m. as the date of Public Hearing on the Resolution approving the extremely blighted area designation for the following areas: Ames Avenue on the north, Parker, Charles and Hamilton Streets on the south, North 30th Street on the east, and NW Radial Highway and North 40th Street on the west.

The precise boundaries of the study area are: Census Tract 52, Block Group 1, Census Tract 53, Block Group 1, Census Tract 53, Block Group 2, Census Tract 54, Block Group 2, Census Tract 54, Block Group 4, Census Tract 59.02, Block Group 1, and Census Tract 59.02, Block Group 2.

The subject area qualifies for designation as an EBA, in accordance with Nebraska Community Development Law, for the following reasons:

Having an overall average unemployment rate of approximately 13.1 percent, which exceeds the threshold of 6.59 percent.

Having an overall average poverty rate of approximately 26.6 percent, which exceeds the threshold of 20 percent.

The designation of the area as an Extremely Blighted Area (EBA) meets the criteria established by the Nebraska Community Development Law. Approval of the EBA designation will allow for a 20 year TIF financing term for qualifying projects, and will provide owner-occupant homebuyers a Nebraska state income tax credit, and will also give developers of affordable housing projects additional positive consideration when applying for programs that assist the development of such projects.

The Planning Board recommended approval of this Redevelopment Project Plan at the October 4, 2023 public hearing.

A copy of said plan is available for public inspection in the City Clerk’s Office.

The Public Hearing will be held before the City Council of the City of Omaha on December 5, 2023, in the Legislative Chambers, Omaha/Douglas Civic Center, 1819 Farnam Street, Omaha, Nebraska.

Elizabeth Butler

City Clerk

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11/16, 11/23                  ZNEZ

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