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

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.