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Nonprofit Property Depository

Posted By Administration, Friday, April 17, 2020

Are you a non-profit that is holding properties for future development? Let us help!

The Omaha Land Bank has the ability to hold properties tax-free for up to five years. If your non-profit has acquired a property but aren’t ready to develop it now, you can transfer the property to us. When you’re ready to develop, we’ll deed the property directly back to you. You will be required to maintain the property while it is deposited with us, but your only direct cost is the title transfers. So, what’s in it for the Land Bank? Not only are we helping non-profits and their donors avoid tax payments on idle properties, the Land Bank will receive, from Douglas County, 50% of the taxes paid on the property for five years after deeding it back to the non-profit. This income stream supports our continued operations and activities. Contact us to learn more!

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Tags:  COVID  COVID-Finance 

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