[1][2] In the 1950s, Whitney Young, then head of Omaha's Urban League, worked with the Carver S&L to create a special lending program for prospective African-American home buyers.
It was designed to fight the city's segregationist red lining practices, by which banks restricted loans in neighborhoods they thought to be less successful.
Through the Carter S&L program, Omaha's black families were able to buy more homes within three years than they have previously bought in the last decade by using other banks in the city.
[4] In 2012, the building became the cornerstone of plans for a redevelopment project to create an arts district on the North 24th Street corridor.
[7][8] Students from Omaha North High School and the University of Nebraska-Omaha have contributed volunteer hours to rehabilitate the area.