A new 156-unit affordable housing development called “Central at Columbus Park” will break ground on January 15, bringing more income-based rental options to South Omaha.
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New affordable housing complex breaks ground in Omaha next week
The Annex Group, an Indianapolis-based developer with affordable housing projects across the Midwest, is behind the development. The rent prices are tied to Area Median Income, or AMI, which measures the middle point of local household earnings and can change year to year.
“At that 30% range, we’re projecting from 1 to 4 bedrooms between $558 to $825. And then at the 70% AMI it’s between $1,250 and $2,170, so a pretty wide range, obviously, but it’s affordable to an individual at the specific income that they come in at,” David Wesner, Vice President of Development for The Annex Group, said…