An ordinance to establish the Omaha Municipal Land Bank was introduced to the Omaha City Council on July 1, 2014. The Omaha Municipal Land Bank is intended to “facilitate the return of vacant, abandoned, and tax-delinquent properties to productive use.”

The Nebraska Legislature enacted the Nebraska Municipal Land Bank Act in 2013 to establish a framework for municipalities to create and utilize land banks to address the problems posed by these properties. The Act authorizes municipal land banks to acquire properties through various means, but it does not authorize eminent domain.  The law can be found in the Nebraska Revised Statutes at Section 19-5201.

The Omaha City Council will hear the ordinance a second time at its meeting on July 15, 2014.

Ben Thompson
CategoryReal Estate

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