Nebraska § 58-706 Affordable Housing Trust Fund; eligible activities

Nebraska Statutes

§ 58-706 — Affordable Housing Trust Fund; eligible activities

Nebraska § 58-706

Ch. 58Money and Financing

This text of Nebraska § 58-706 (Affordable Housing Trust Fund; eligible activities) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 58-706 (2026).

Text

The following activities are eligible for assistance from the Affordable Housing Trust Fund:

(1)New construction, rehabilitation, or acquisition of housing to assist low-income and very low-income families;

(2)Matching funds for new construction, rehabilitation, or acquisition of housing units to assist low-income and very low-income families;

(3)Technical assistance, design and finance services, and consultation for eligible nonprofit community or neighborhood-based organizations involved in the creation of affordable housing;

(4)Matching funds for operating costs for housing assistance groups or organizations when such grant or loan will substantially increase the recipient's ability to produce affordable housing;

(5)Mortgage insurance guarantees for eligible projects;

(6)Acquisiti

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The following activities are eligible for assistance from the Affordable Housing Trust Fund:
(1) New construction, rehabilitation, or acquisition of housing to assist low-income and very low-income families;
(2) Matching funds for new construction, rehabilitation, or acquisition of housing units to assist low-income and very low-income families;
(3) Technical assistance, design and finance services, and consultation for eligible nonprofit community or neighborhood-based organizations involved in the creation of affordable housing;
(4) Matching funds for operating costs for housing assistance groups or organizations when such grant or loan will substantially increase the recipient's ability to produce affordable housing;
(5) Mortgage insurance guarantees for eligible projects;
(6) Acquisition of housing units for the purpose of preservation of housing to assist low-income or very low-income families;
(7) Projects making affordable housing more accessible to families with elderly members or members who have disabilities;
(8) Projects providing housing in areas determined by the Department of Economic Development to be of critical importance for the continued economic development and economic well-being of the community and where, as determined by the department, a shortage of affordable housing exists;
(9) Infrastructure projects necessary for the development of affordable housing;
(10) Downpayment and closing cost assistance;
(11) Demolition of existing vacant, condemned, or obsolete housing or industrial buildings or infrastructure;
(12) Housing education programs developed in conjunction with affordable housing projects. The education programs must be directed toward:
(a) Preparing potential home buyers to purchase affordable housing and postpurchase education;
(b) Target audiences eligible to utilize the services of housing assistance groups or organizations; and
(c) Developers interested in the rehabilitation, acquisition, or construction of affordable housing;
(13) Support for efforts to improve programs benefiting homeless youth;
(14) Vocational training in the housing and construction trades industries by nonprofit groups; and
(15) Weatherization and solar or other energy improvements to make utilities for housing more affordable.

Legislative History

Source: Laws 1996, LB 1322, § 16; Laws 2004, LB 1083, § 101; Laws 2005, LB 40, § 2; Laws 2011, LB388, § 12; Laws 2011, LB413, § 1; Laws 2013, LB199, § 25; Laws 2021, LB384, § 8.