Real Estate News

Months In The Making, Omaha’s Housing Affordability Plan Is Ready For Scrutiny

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.

Read more about Months In The Making, Omaha’s Housing Affordability Plan Is Ready For Scrutiny

US Long-Term Mortgage Rates Up For 6th Week; 30-Year At 6.7%

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.

Read more about US Long-Term Mortgage Rates Up For 6th Week; 30-Year At 6.7%

Plug Pulled On Mulitmillion-Dollar "Intersections" Project For South Omaha

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.

Read more about Plug Pulled On Mulitmillion-Dollar "Intersections" Project For South Omaha

MLS Weekly Report Lincoln July17-Sept24 2022

Published by Erin@omahadaily... on Thu, 09/29/2022 - 12:11pm

Read more about MLS Weekly Report Lincoln July17-Sept24 2022

MLS Weekly Report Omaha July17-Sept24 2022

Published by Erin@omahadaily... on Thu, 09/29/2022 - 12:08pm

Read more about MLS Weekly Report Omaha July17-Sept24 2022

Kushner Company Agrees To Pay At Least $3.25 Million To Settle Claims Of Shoddy Apartments And Rent Abuses

Published by Nikki Palmer on Thu, 09/29/2022 - 5:00am

The Dutch Village apartments and townhomes, owned by the Kushner Cos., in Baltimore. The property management company has agreed to pay a $3.25 million civil penalty and restitution to settle a 2019 lawsuit in Maryland over allegations of charging tenants illegal fees and failing to maintain properties. (Steve Ruark / AP Photo)

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.

Read more about Kushner Company Agrees To Pay At Least $3.25 Million To Settle Claims Of Shoddy Apartments And Rent Abuses

Long-Delayed NioCorp Mine Announces Deals That Could Bring More Investment

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.

Read more about Long-Delayed NioCorp Mine Announces Deals That Could Bring More Investment

Female Airbnb Hosts Earn Thousands Less Per Year Than Male Hosts

Published by Nikki Palmer on Mon, 09/26/2022 - 4:00am

Female Airbnb hosts in the United States earn on average about 25% less per year than their male counterparts for their rentals, according to our new study. That’s slightly higher than the annual gender wage gap reported by the U.S. Census Bureau and adds up to more than US$4,000 in lower earnings per year.

Read more about Female Airbnb Hosts Earn Thousands Less Per Year Than Male Hosts

Omaha Receives HUD Choice Neighborhood Grant

Published by Nikki Palmer on Thu, 09/22/2022 - 5:00am

Southside Terrace Garden Apartments located in the South Terrace/Indian Hill neighborhood in south Omaha. (Courtesy of the US Department of Housing and Urban Development)

(Omaha, NE) - The City of Omaha, the Omaha Housing Authority (OHA) and a coalition of partners will receive a $50 million federal grant to redevelop the Southside Terrace Garden Apartments and the surrounding Indian Hill neighborhood in South Omaha.

Omaha is one of four cities awarded the 2021 Choice Neighborhoods Implementation Grant by the U.S. Department of Housing and Urban Development.

Read more about Omaha Receives HUD Choice Neighborhood Grant

$25 Million Radius Campus For Youth Residential Treatment Rises In North Omaha

Published by Nikki Palmer on Tue, 09/20/2022 - 3:00am

OMAHA — A $25 million residential youth treatment center rising in North Omaha aims to fill a service gap in the metro area, one that has had courts and families sending some troubled teens off to other states to get help.