OMAHA, Neb. (WOWT) – A new 156-unit apartment complex near South 21st and Pacific Streets aims to provide affordable housing options for families struggling with rising rental costs in Omaha.
The $60 million development in the Columbus Park neighborhood will offer rent based on a range of income levels, starting at around 30 percent of the area’s median income.
“We have about 22,000 households in Omaha that make less than $25,000 annually. And for those people, an affordable rent would be about $429 a month,” said Shannon Harner, executive director of the Nebraska Investment Finance Authority.
Housing costs outpace wages
Harner said the trend of higher apartment prices started during the pandemic, and wages haven’t kept up for many families…