OMAHA, Neb. (WOWT) - Mayor John Ewing announced a proposed plan to enable the use of $40 million in bonds to create more affordable housing in the city’s urban core as soon as 2026.

The plan would bring affordable housing a decade sooner than TIF revenue would be available, according to a release from Ewing’s Office and representatives from Front Porch Investments.

An anonymous funder is ready to buy $40 million in bonds, which the city would grant to Front Porch Investments to help create housing.

“My parents didn’t have the ability to purchase their first home until I was 15, so I understand the challenges families face when they’re not able to find stable, affordable housing,” Mayor Ewing said. “By partnering with Front Porch Investments to incentivize affordable housing development,

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