Omaha Municipal Land Bank

The Omaha Municipal Land Bank (OMLB) is a governmental, 501(c)3 nonprofit organization dedicated to transforming neglected properties into vibrant community assets. Established to address the challenges posed by vacant, abandoned, and deteriorated properties, OMLB operates as a key intermediary in community development initiatives across Omaha, Nebraska.

Mission and Objectives

The mission of the Omaha Municipal Land Bank is to empower Omaha to support sustainable and thriving communities by equitably transforming neglected properties. This involves acquiring, rehabilitating, and reutilizing vacant or abandoned properties to revitalize neighborhoods and boost local economic vitality. OMLB aims to foster opportunities for community growth, stimulate positive investment, and enhance the quality of life for residents.

Organizational Structure

OMLB is led by an Executive Director who guides the organization's strategic direction, maintains partnerships, and manages financial affairs. The Deputy Director oversees daily operations and coordinates organizational priorities. Other key roles include the In-House Counsel, Director of Community Affairs, Real Estate Manager, and Vendor & Property Manager.

The organization is also supported by a Board of Directors, which includes voting members from each city council district and non-voting members with expertise in real estate and community development. The Board provides strategic oversight and ensures alignment with community priorities.

Activities and Programs

OMLB engages in several activities to achieve its objectives:

• Property Acquisition and Disposition: OMLB acquires distressed properties, often through tax foreclosures or donations, and prepares them for sale to developers or homeowners who commit to rehabilitation and productive reuse.
• Community Engagement: The organization promotes community involvement through outreach programs and workshops. These initiatives educate potential buyers about the process of purchasing and renovating properties, contributing to sustainable community development.
• Partnerships and Collaboration: OMLB collaborates with local nonprofits and government agencies to facilitate property redevelopment and ensure that projects align with community needs and priorities.

Technology and Operations

To manage its extensive property inventory effectively, OMLB utilizes specialized software to streamline data management, mapping, and reporting. This technology enables the organization to collaborate efficiently with partners, maintain stakeholder confidence, and showcase available properties.

Impact and Goals

The Omaha Municipal Land Bank has made significant strides in transforming distressed properties into community assets. By redeveloping vacant lots and renovating houses, OMLB aims to address housing shortages, stabilize property values, and stimulate economic growth across Omaha. Its efforts focus on equitable development, ensuring that benefits are spread equitably across different neighborhoods.

As a community development intermediary, OMLB continues to play a vital role in shaping Omaha's future through strategic redevelopment and community engagement initiatives.