Interim study to examine the intersection of tax increment financing and affordable housing within the State of Nebraska

This resolution (LR 146) proposes an interim study to examine how tax increment financing (TIF) - a tool that uses increased property tax revenue from new development to fund public projects - intersects with affordable housing efforts in Nebraska. The Urban Affairs Committee will lead the study, focusing on whether TIF can better support affordable housing and how the state’s Community Development Law might be improved to create more such housing. The study will conclude with a report and recommendations for the Legislature. As a procedural resolution, it does not create new law but aims to inform future policy decisions.