What Omaha Economic Development Corporation does

Omaha Economic Development Corporation (OEDC) is a Nebraska 501(c)(3) nonprofit Community Development Organization founded in 1977 by Alvin Goodwin, headquartered in the historic Jewell Building at 2221 N. 24th Street in North Omaha. It is the only federally designated Community Development Corporation (CDC) in Omaha and a federally recognized Community Economic Developer (CED), operating under a hybrid nonprofit model that self-sustains through development initiatives while supplementing with government and community support. OEDC develops and manages a portfolio of commercial properties (Jewell Building, Long School MarketPlace, Fair Deal Village MarketPlace, Jensen Building, Learning Community Center, North End Teleservices call center, North Omaha Visitors Center) and residential housing (Margaret Apartments with geothermal systems, Villa De Sante, Larimore Senior Housing, Villa Terrace, Kellom Garden Apartments, Pilgrim Heights, Kellom Ridges I & II, and newly built single-family homes at ~$300K-$315K with income-based subsidies).

The organization's core technology centers on green building and sustainable construction, with award-winning geothermal systems and historic rehabs that have diverted 2.5 million pounds of waste from landfill and reduce greenhouse gas emissions by 328,000 pounds annually. OEDC generates revenue through a mix of real estate development (property leasing, sales, and management) and government grants/HUD financing. Distribution is via direct leasing and sales of commercial spaces and residential units to a customer base of small business owners (notably via the Fair Deal Village MarketPlace's repurposed shipping container micro-retail), community organizations (NAACP, 100 Black Men of Omaha, Great Plains Black History Museum), and North Omaha residents seeking affordable housing. The organization is governed by an independent board of directors and currently led by President & CEO Michael Maroney, with ongoing expansion into workforce housing, the Airport Business Park Program (LB 1024, 2022), and the Community Innovation Campus (CHI), which will scale from 75 to 175 employees and currently operates a Central Kitchen serving approximately 3,000 meals per day.

Name

Omaha Economic Development Corporation

Legal name

Omaha Economic Development Corporation

Website

https://oedc.info

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

1–10 employees

Short description

Omaha Economic Development Corporation (OEDC) is a federally designated Nebraska 501(c)(3) nonprofit Community Development Corporation founded in 1977 that develops and manages affordable housing, commercial real estate, and urban job centers in North Omaha, serving small businesses, community organizations, and residents seeking affordable and workforce housing.

Ownership category

akta.pro rank

Product category

Community Development Real Estate

NAICS

Services to Buildings and Dwellings (5617), Commercial and Institutional Building Construction (236220), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)

SIC

Operators Of Apartment Buildings (6513), Real Estate Operators (No Developers) & Lessors (6510), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Active Adult / Senior Community Association Management (BPAJAHAJ)

Keywords

• Affordable housing development
• Community development corporation
• Commercial real estate development
• Nonprofit economic development
• Urban revitalization projects

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development: OEDC develops commercial and residential properties and serves as the developer for its own projects. Revenue is generated through property leasing, sales, and management of commercial spaces including the Jewell Building, Fair Deal Village MarketPlace, Long School MarketPlace, and various residential developments.
2. Property Management: OEDC manages its own commercial and residential properties, generating ongoing revenue from tenant leases and property operations.
3. Government Grants and Community Support: As a hybrid nonprofit, OEDC sustains efforts through development initiatives while growing the organization with community and government support. They access federal programs including HUD financing and state-level initiatives.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

OEDC is a community development corporation that develops, owns, and manages affordable residential housing (senior complexes, multi-family units, single-family homes) and commercial real estate (historic restorations, micro-retail shipping container spaces, urban job centers) in North Omaha. It serves low- and low-moderate income residents, small businesses, and community organizations, while acting as developer, landlord, and property manager for its portfolio.

Product overview

OEDC operates as a hybrid nonprofit community development organization (established 1977) that self-sustains through development initiatives. The portfolio consists of commercial real estate developments (historic restorations and new constructions serving as community hubs and business incubators) and residential housing (affordable senior complexes, multi-family units, and single-family homes for sale). Key products include Fair Deal Village MarketPlace (shipping container retail spaces), various commercial properties along the North 24th Street Corridor, affordable housing complexes throughout North Omaha, and workforce housing for middle-income buyers. The company also develops industrial/commercial parks and urban job centers through federal and state programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Developments Portfolio of renovated historic and newly constructed commercial properties along the North 24th Street Corridor serving as headquarters for community organizations (100 Black Men of Omaha, NAACP, Great Plains Black History Museum) and business incubators for small businesses. Includes Jewell Building, Fair Deal Village MarketPlace, Learning Community Center, Long School MarketPlace, North End Teleservices call center, North Omaha Visitors Center, and Jensen Building.
• Residential Developments Affordable housing portfolio featuring senior complexes, multi-family units, and single-family rentals across North Omaha. Properties include Margaret Apartments (award-winning green historic rehab with geothermal systems), Villa De Sante (40-unit senior complex), Villa Terrace Senior Housing, Laurel Hill single-family rentals, Hartman Heights, Stone Plaza, Village East Senior Apartments, Parker Street Homes, Kellom Garden Apartments, Pilgrim Heights (20-unit senior complex), Kellom North (20-unit multi-family), and Kellom Ridges I & II.
• Single-Family Homes for Sale Newly built single-family homes for sale in North Omaha priced around $300,000 (one-story) to $315,000 (two-story), with income-based subsidies available through Department of Economic Development Middle Income Workforce Housing Funds (up to 120% AMI) and Nebraska Investment Finance Authority (up to 150% AMI, $175,500 limit as of July 7, 2025). Targets workforce and middle-income North Omaha homebuyers.
• Fair Deal Village MarketPlace Innovative marketplace featuring micro-retail units for eight small businesses in repurposed shipping containers, plus a new building mimicking the original Fair Deal Cafe with space for a restaurant and small grocery store. Addresses barriers to economic entry for low- and low-moderate income business owners who cannot afford traditional storefronts. HUD-financed.
• Airport Business Park Industrial and commercial business park development in or adjacent to Qualified Census Tracts within two miles of a major airport, created through LB 1024 by the Nebraska Legislature in 2022, funded by Coronavirus State and Local Fiscal Recovery Fund. Targets urban employers seeking industrial and commercial park space.
• Larimore Senior Housing 45-unit affordable housing rehabilitation project at 3483 Larimore Avenue for extremely low- and low-moderate income residents, featuring unique elements including an internal theater and large kitchen area suitable for special needs populations. Senior affordable housing.
• CHI Innovation Campus / Central Kitchen Urban job center at 1127 North 20th Street on 2.3 acres with 19,000 sq ft vacant warehouse. Central Kitchen provides 3,000 meals/day for community nutrition. When fully operational 24/7, will grow from 75 to 175 employees across entry to management levels. Functions as an urban employer hub for North Omaha.

Quantifiable outcome

• Nearly $19 million of capital invested in Northeast Omaha
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BRIDGE Housing Corporation: California-based nonprofit developer and operator of affordable and mixed-income housing. BRIDGE's combined developer-plus-property-manager model in a defined regional market is directly analogous to OEDC's North Omaha operating model.
• Mercy Housing: One of the largest nonprofit affordable housing developers in the U.S., operating across multiple states with senior, family, and supportive housing. Mercy Housing's portfolio-driven nonprofit model and reliance on LIHTC/HUD financing aligns closely with OEDC's affordable housing development model.
• The Community Builders: Nonprofit affordable and mixed-income housing developer with operations in multiple U.S. cities. TCB's mission-driven approach combining real estate development with community services closely mirrors OEDC's community development mandate.
• Cinnaire: Mission-driven CDFI that provides capital and development services for affordable housing and community development projects across the Midwest. Cinnaire's hybrid capital-provider-plus-developer-support model mirrors OEDC's reliance on aligned financing partners like HUD.
• The NRP Group: For-profit developer of affordable, mixed-income, and market-rate multifamily housing, with strong reliance on LIHTC equity. Comparable to OEDC in product type (multifamily/senior affordable housing) but represents the for-profit competitive set that OEDC must compete against for sites and capital.
• Local Initiatives Support Corporation (LISC): National CDFI that finances and builds community development capacity across the U.S. LISC's place-based model of investing in local CDCs to develop affordable housing and commercial real estate is structurally similar to OEDC's role in North Omaha, including its focus on underserved neighborhoods.
• National Housing Trust: Nonprofit that preserves and operates affordable rental housing, including senior housing. NHT's preservation-and-management focus aligns with OEDC's portfolio of existing affordable senior and multi-family properties in North Omaha.
• Enterprise Community Partners: National nonprofit that develops and preserves affordable housing and partners with community-based organizations to advance equity. Enterprise's hybrid developer-plus-capacity-builder model closely parallels OEDC's hybrid nonprofit developer approach in a single geography.
• Habitat for Humanity International: Global nonprofit affordable housing organization that builds and finances single-family homes for low-income buyers using a subsidized mortgage model. Comparable to OEDC's single-family home program in North Omaha, particularly the AMI-bounded subsidy structure.

Others

• Greater Omaha Chamber: Regional economic development organization serving the Omaha metro. While not a real estate developer, the Chamber is a key ecosystem partner and stakeholder for place-based economic development initiatives such as those OEDC executes in North Omaha.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/OEDCOmaha
• LinkedInlinkedin.com/company/10454268/admin/dashboard

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Omaha Economic Development Corporation