Housing

This bill appropriates specific funds to support the implementation of Legislative Bill 288. It allocates $97,030 from the Middle Income Workforce Housing Investment Fund and $103,200 from the Affordable Housing Trust Fund for fiscal year 2025-26, and $118,110 and $126,410 respectively for 2026-27, to the Department of Economic Development’s Program 601. The funds are designated to carry out provisions of LB 288, with a cap on salary expenditures at $103,520 for 2025-26 and $138,030 for 2026-27. As a funding bill, it directly affects the Department of Economic Development’s budget execution for Program 601.

LB 266 prohibits local governments in Nebraska (cities, counties, and their agencies) from passing any ordinances that would impose rent controls on private rental properties. The bill defines "ordinance" broadly to include local laws, rules, or regulations, and states such restrictions are null and void if enacted. Exceptions allow local governments to adopt ordinances aimed at increasing affordable housing supply through land-use rules or voluntary private programs where property owners contractually agree to rent restrictions. This law overrides local home rule charters and became effective upon the governor's approval on April 7, 2025.