Authorize redevelopment projects involving affordable housing under the Community Development Law

LB 626 amends Nebraska's Community Development Law to streamline how cities declare areas as "extremely blighted" for redevelopment projects involving affordable housing. It requires cities to conduct studies, hold public hearings, and get planning commission recommendations before declaring an area blighted - ensuring transparency and community input. The bill also sets a 25-year minimum validity for such designations, linking them to tax benefits and affordable housing incentives under existing laws (like tax credits in §77-2715.07). This procedural change directly affects Nebraska cities planning affordable housing projects, though the bill was amended into LB288 and did not advance further.