Omaha Municipal Land Bank

What Omaha Municipal Land Bank does

Omaha Municipal Land Bank (OMLB) is a governmental 501(c)3 nonprofit established in 2014 by the City of Omaha under the Nebraska Municipal Land Bank Act of 2013, with statutory authority to acquire, clear, and dispose of vacant, abandoned, and deteriorated (VAD) properties rejected by the open market. Operating with approximately 9–11 staff from a single office at 1905 Harney, Suite 224 in Omaha, NE, OMLB acquires properties through tax foreclosures, donations, and inter-local agreements with Douglas County, then transfers them to developers, nonprofits, and governmental entities via a structured application, Dispositions Committee review, and Board of Directors approval process.

Its core programs include: (i) the Depository Program, in which nonprofits and governmental entities park properties with OMLB for up to 12 months of tax-free, liability-managed title clearance (over 500 properties held since 2013, with 214 disposed in 2022); (ii) the Shovel-Ready Effort, a $1.25M-funded site preparation program transforming 20+ lots into buildable, graded parcels for affordable housing; (iii) the Large-Site Development Property Sales Program, a quarterly cycle for transformational projects involving 4+ parcels or 0.5+ acre sites (including the 65-lot Hope Village); and (iv) the Ambassador Program, a 9-month community leadership cohort. Technology infrastructure centers on the Tolemi-powered property listing platform and the Slate vendor work-reporting system.

OMLB generates revenue primarily through one-time property sale proceeds (pricing not publicly disclosed and raised in 2024), per-parcel Depository Program transaction fees, contracted vendor services at $36.25 per mowing/snow-removal task, and program-specific public grants such as the Nebraska Department of Economic Development QCT Affordable Housing Program funding. The customer base spans community developers, affordable housing providers, nonprofits (e.g., Habitat for Humanity of Omaha), and governmental entities, with governance provided by a Mayor-appointed Board of Directors representing each of Omaha's seven City Council districts.

Name

Omaha Municipal Land Bank

Legal name

Omaha Municipal Land Bank

Website

https://omahalandbank.org

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Omaha Municipal Land Bank is a governmental 501(c)3 nonprofit that acquires, manages, and disposes of vacant, abandoned, and tax-delinquent properties in Omaha via statutorily granted powers, serving developers, nonprofits, and governmental entities through Depository, Shovel-Ready, and Large-Site programs.

Ownership category

akta.pro rank

Product category

Land Banking Services

NAICS

Land Subdivision (23721), Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

akta.pro secondary industries

Land Administration & Cadastral Services (Public Land Records, Parcel Management) (BPAIANAH), Brownfield Redevelopment & Land Reclamation (Cleanup for Reuse, Risk-Based Closure) (EUAIALAI)

Keywords

• Land banking
• Property acquisition
• Affordable housing
• Community development
• Blight remediation

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Property Sales: Sale of vacant, abandoned, and deteriorated properties acquired through tax foreclosures, donations, and purchases. Properties are sold to buyers who submit applications reviewed by the Dispositions Committee and Board of Directors.
2. Depository Program Fees: Nonprofit partners and governmental entities pay fees for properties held in the Land Bank's depository program. Participants are billed for the amount of parcels held in their inventory and are covered under the Land Bank's liability insurance policy.
3. Vendor Services: Contracts with maintenance vendors for property mowing, landscaping, snow removal, and debris cleanup services. Vendors are paid per task (e.g., $36.25 per mowing or snow removal task).

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

The Omaha Municipal Land Bank acquires vacant, abandoned, and deteriorated (VAD) properties through tax foreclosures, donations, and purchases under statutory powers granted by the Nebraska Municipal Land Bank Act. It clears delinquent taxes and special assessments, maintains properties through contracted vendors, and transfers them to qualified buyers (developers, nonprofits, governmental entities) via a structured application and board-approval process. Additional programs include the Depository Program for nonprofit property management, the Shovel-Ready Effort for affordable housing site preparation, and the Large-Site Development Program for transformational projects.

Product overview

The Omaha Municipal Land Bank (OMLB) is a governmental 501(c)3 nonprofit organization that operates as a land banking entity, not a traditional technology product company. Its offerings consist of real estate programs and services focused on acquiring, maintaining, and disposing of vacant, abandoned, and deteriorated (VAD) properties. The core portfolio includes Property Acquisition, Maintenance, and Disposition services; the Depository Program for nonprofit property management; the Shovel-Ready Effort for site preparation; the Ambassador Program for community leadership development; and the Large-Site Development Program for transformational projects. A technology component exists in the form of an online property inventory platform (powered by Tolemi) where properties are listed and applications can be submitted.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Acquisition, Maintenance, and Disposition Core program through which OMLB acquires vacant, abandoned, and deteriorated properties via tax foreclosures and donations, maintains them through contracted vendors, and disposes of them to qualified buyers through a structured application and board approval process. Intended for community developers, real estate developers, affordable housing providers, nonprofit organizations, and small-scale developers.
• Depository Program A program enabling nonprofit organizations and governmental entities to deposit properties into OMLB's portfolio for management. Allows title clearance of delinquent taxes and special assessments while maintaining tax-free status for up to 12 months during redevelopment planning. Participants are billed for parcels held in inventory and are covered under the Land Bank's liability insurance policy.
• Shovel-Ready Effort A site preparation program that transforms vacant properties into buildable lots ready for affordable housing development through clearing, grading, and erosion control work. Funded by the Department of Economic Development's Qualified Census Tract Affordable Housing Program. Sells pre-prepared affordable housing lots directly to buyers through the property sales platform.
• Large-Site Development Property Sales Program

Quantifiable outcome

• 500+ properties managed in depository program since 2013
• +3 more outcomes

Named customers1 record

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Habitat for Humanity of OmahacoreStrategic or Co-development Partner · 1 January 2014Habitat for Humanity Omaha has utilized the Depository Program to acquire adjacent properties for affordable housing development. In 2014, Habitat acquired a vacant lot; in 2019 the Land Bank acquired the neighboring property, enabling Habitat to combine lots and build a new home in 2022.
• Douglas CountycoreStrategic or Co-development Partner · 1 January 2014Inter-local agreement for judicial foreclosure proceedings enabling the Land Bank to acquire tax-foreclosed properties. The agreement allows the Land Bank to fulfill its mission of acquiring and transforming distressed properties.
• City of OmahacoreStrategic or Co-development Partner · 1 January 2014City of Omaha established OMLB via ordinance following the Nebraska Municipal Land Bank Act. The Planning Department coordinates with the Land Bank; the Planning Director serves as Ex-Officio board member. OMLB operates with City Council district representation.
• Metropolitan Community College – Fort CampusminorStrategic or Co-development PartnerBoard meetings held at Metropolitan Community College – Fort Campus – Mule Barn Room, Building 21. Provides venue for monthly public board meetings.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Macon-Bibb County Land Bank Authority: Consolidated city-county land bank in Macon, GA, acquiring tax-delinquent properties and disposing through structured application cycles to developers focused on neighborhood revitalization and affordable housing — direct operational parallel to OMLB.
• Blight Authority of Memphis: Quasi-governmental nonprofit land bank in Memphis, TN, founded by OMLB's current Executive Director Leslie Smith. Direct predecessor organization with the same Land Deposit program model now applied in Omaha.
• Detroit Land Bank Authority: Largest municipal land bank in the U.S., acquiring and disposing tax-foreclosed vacant properties in Detroit. Operates with similar statutory authority, Depository-style holding programs, and disposition pathways targeting affordable housing developers and community buyers.
• Cuyahoga Land Bank: Cleveland-area county land bank acquiring delinquent-tax properties and selling to mission-aligned developers. Operates a similar side-yard and assemblage model and serves as a comparable mid-sized Midwestern land bank.
• Cook County Land Bank Authority: Chicago-area county land bank focused on distressed property acquisition, title clearance, and disposition to community developers, with explicit affordable housing outcomes — comparable statutory scope and dual-county/city coordination to OMLB.
• Fulton County/City of Atlanta Land Bank Authority: Joint city-county land bank managing tax-foreclosed and donated properties in metro Atlanta with structured disposition to affordable housing developers and community-based buyers under statutory powers comparable to OMLB's.
• Greater Syracuse Land Bank: Mid-sized New York municipal land bank acquiring tax-delinquent vacant properties, clearing titles, and disposing through application-based processes to affordable housing and community developers — closely analogous in scale and operational scope.
• Philadelphia Land Bank: Municipal land bank consolidating publicly-owned vacant properties in Philadelphia with disposition to affordable housing and community developers under a board-approved process analogous to OMLB's Disposition Committee workflow.
• Genesee County Land Bank Authority: Michigan-based county land bank managing tax-reverted properties with disposition programs for affordable housing, side-lot acquisition, and demolition partnerships. Closely mirrors OMLB's statutory land bank model and developer-side disposition process.

Regional players

• Buffalo Urban Development Corporation: Buffalo-area nonprofit economic development corporation that acquires, assembles, and dispositions distressed properties for redevelopment — comparable mission and disposition-to-developer workflow though operating under different statutory authority.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/omahalandbank
• LinkedInlinkedin.com/company/omahalandbank
• Instagraminstagram.com/omahalandbank?igshid=NTc4MTIwNjQ2YQ==

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Municipal Land Bank