Published by Nikki Palmer on Mon, 10/03/2022 - 3:00am
OMAHA — Private developers seeking the sometimes controversial public subsidy called tax-increment financing soon could be required to replace each affordable housing unit destroyed while building their new project.
They also might see a new mandate that TIF residential projects include a certain percentage of affordable housing units.
Published by Nikki Palmer on Mon, 10/03/2022 - 1:00am
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession.
Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.70% from 6.29% last week. By contrast, the rate stood at 3.01% a year ago.
Published by Nikki Palmer on Fri, 09/30/2022 - 3:00am
OMAHA — Developers have scrapped an ambitious plan that had aimed to turn a largely industrial 25-acre tract south of downtown into a multimillion-dollar wellness and sports complex.
A spokesman for Community Health Development Partners told the Nebraska Examiner that there’s a chance the “Intersections” campus could move on, perhaps in some smaller form, elsewhere in Omaha.
Published by Nikki Palmer on Thu, 09/29/2022 - 5:00am
The property management subsidiary of Jared Kushner’s family real estate company has agreed to pay a $3.25 million fine to the state of Maryland and to reimburse many of the tens of thousands of tenants in the Kushners’ Baltimore-area apartment complexes for excessive fees and for rent they were forced to pay over the past decade despite serious maintenance problems in the units.
Published by Nikki Palmer on Thu, 09/29/2022 - 4:00am
LINCOLN — A long-delayed mining project in southeast Nebraska announced Monday that it was entering into agreements that could lead to an additional $366 million of investment in its $1.1 billion project.