By Ryan Hoffman
Flatwater Free Press 

Valuation dispute could imperil thousands of affordable housing units

 

November 2, 2023

Ryan Hoffman | Flatwter Free Press

Housing impact • The City Impact Development in Lincoln provides affordable rent-to-own homes for residents who meet specific income requirements. The development, built using low-income housing tax credits, saw its valuation spike to $3.18 million this year, up from $539,200 in 2022.

Kathy Mesner has a word for the potential fallout from a property valuation dispute in Lancaster County.

Catastrophic.

"I don't think it's too much to say it may be catastrophic not only in terms of bankrupting projects ... but displacing all these low-income households across the state," said Mesner, an attorney and president of Central City-based Mesner Development Co.

In the past year, a narrow disagreement on how to value 21 Lincoln-area properties has morphed into a court fight over a state law meant to support the building of affordable housing for lower-income Nebraskans.

The case, c...



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