Housing (Housing Finance)

in committee · Nebraska · Legislature Mar 30, 2026

LR 454: Interim study to examine alternative funding sources for addressing the shortage of affordable and workforce housing in Nebraska

This legislative resolution directs Nebraska's Revenue Committee to conduct an interim study on finding new funding options for affordable and workforce housing. The bill addresses a shortage of housing by examining how other states finance these programs and identifying alternative revenue sources beyond the General Fund and documentary stamp tax. The committee will investigate current funding gaps and report its findings and recommendations to the Legislature. This measure focuses on research rather than immediate policy changes, aiming to inform future legislative decisions about housing finance.

Topics ✓ HousingSupports HousingBill directs study to find new funding sources for affordable and workforce housing, indicating intent to address housing shortage through research and potential funding expansion.85% confidence

Sub-Topics Affordable Housing Housing Finance Property Taxes

Track

signed · Nebraska · Legislature Apr 17, 2026

LB 768: Provide powers for the Nebraska Investment Finance Authority and change provisions relating to the Nebraska Affordable Housing Act, the Rural Workforce Housing Investment Act, and the Middle Income Workforce Housing Investment Act

This bill (LB 768) amends Nebraska's housing finance laws to expand the Nebraska Investment Finance Authority's (NIFA) powers, allowing it to partner with nonprofit entities supporting housing projects. It modifies the Nebraska Affordable Housing Act, Rural Workforce Housing Investment Act, and Middle Income Workforce Housing Investment Act to require the Department of Economic Development to allocate at least 30% of Affordable Housing Trust Fund dollars to each congressional district annually. The bill also eliminates the housing advisory committee and updates fund administration rules, including streamlining grant application processes and clarifying fund transfers. These changes directly affect housing developers, local governments, and low-to-moderate income residents seeking affordable housing assistance under the three affected acts.

Topics ✓ HousingSupports HousingMandates 30% annual allocation of housing trust funds to each district, expanding funding mechanisms for affordable housing projects through NIFA partnerships.90% confidence

Sub-Topics Affordable Housing Housing Finance Property Development

died · Nebraska · Legislature Apr 17, 2026

LB 1045: Adopt the Nebraska Public Housing Preservation Trust Act

LB 1045 creates the Nebraska Public Housing Preservation Trust to address deferred maintenance and funding gaps in the state's public housing. The trust, governed by a nine-member board including residents and community representatives, will supplement federal housing funds with dedicated public financing to preserve affordability, prevent displacement, and modernize aging infrastructure. It requires all trust assets to remain permanently dedicated to public housing for low-income residents, with strict rules preventing assets from reverting to the state or transferring to private entities. This bill directly affects local housing agencies managing public housing developments and their residents across Nebraska.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates dedicated public financing trust to fund public housing preservation, addressing funding gaps and preserving affordability for low-income residents. Increases state funding for essential public services.95% confidence ✓ HousingSupports HousingCreates Nebraska Public Housing Preservation Trust to fund public housing maintenance, prevent displacement, and preserve affordability for low-income residents through dedicated financing.95% confidence

Sub-Topics Housing Finance

Track

died · Nebraska · Legislature Apr 17, 2026

LB 1168: Authorize the issuance of conduit revenue bonds under the Community Development Law

LB 1168 amends Nebraska's Community Development Law to explicitly authorize cities and redevelopment authorities to issue "conduit revenue bonds" under specific taxpayer agreements. These bonds allow private entities (like developers) to fund redevelopment projects while cities use tax increment financing, with private parties repaying bond costs through agreed-upon payments. The bill primarily affects cities pursuing redevelopment in designated "extremely blighted areas" under Sections 18-2101.02 and 18-2147, streamlining how they structure financing for projects like housing or commercial development. Key changes include updating bond issuance rules in Section 18-2124 to include conduit bonds and harmonizing related reporting requirements in Sections 18-2101.02 and 18-2117.01.

Topics ✓ HousingSupports HousingAuthorizes conduit bonds for redevelopment in blighted areas, enabling housing development projects through tax increment financing and private funding agreements.85% confidence

Sub-Topics Community Development Housing Finance Property Development

Track

died · Nebraska · Legislature Apr 17, 2026

LR 312CA: Constitutional amendment to authorize cities and villages to incur indebtedness for residential development projects and pledge taxes for such indebtedness and to change provisions relating to redevelopment projects

This constitutional amendment (LR 312CA) would allow Nebraska cities and villages to borrow money for residential development or redevelopment projects in designated blighted areas. It permits municipalities to issue bonds or loans without being restricted by existing charters and to pledge excess property taxes from the project area (above pre-development values) to repay the debt. The tax pledges would last up to 15 years for residential projects or 20 years for redevelopment (potentially extended under specific high-unemployment/poverty conditions). The amendment requires voter approval at the November 2026 general election and would change existing constitutional provisions governing such projects.

Topics ✓ HousingSupports HousingEnables municipalities to borrow funds for residential development in blighted areas, directly advancing housing projects through tax-pledged bonds for redevelopment.95% confidence

Sub-Topics Community Development Housing Finance Property Development

Track

died · Nebraska · Legislature Apr 17, 2026

LB 850: Authorize the use of economic development programs for certain construction or rehabilitation of housing in cities of the metropolitan class and cities of the primary class under the Local Option Municipal Economic Development Act

This bill (LB 850) amends Nebraska's Local Option Municipal Economic Development Act to explicitly allow cities of metropolitan class (over 50,000 residents) and primary class (20,000-50,000 residents) to use existing economic development funds for housing construction or rehabilitation. It specifically authorizes these funds for housing projects targeting low/moderate-income residents, workforce housing plans, or affordable housing action plans (as defined in Section 19-5505). The bill updates definitions to include housing construction/rehabilitation as a qualifying business activity for these cities. This change expands current allowable uses of economic development programs without creating new funding. The bill focuses on streamlining how cities can address housing needs through existing local economic development tools.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes existing economic development funds for affordable housing projects targeting low/moderate-income residents, directing current appropriations toward essential housing programs.90% confidence ✓ HousingSupports HousingBill explicitly authorizes use of economic development funds for low/moderate-income housing construction/rehabilitation and affordable housing action plans under defined programs.95% confidence

Sub-Topics Affordable Housing Community Development Housing Finance

Track

signed · Nebraska · Legislature Apr 17, 2026

LB 1067: Change provisions relating to the Affordable Housing Trust Fund, the rate and disbursement of the documentary stamp tax, the Rural Workforce Housing Investment Fund, and the Middle Income Workforce Housing Investment Fund

LB 1067 adjusts how documentary stamp tax revenue is distributed to fund housing programs in Nebraska. It specifies that for every $2.82 collected on property transfers (deeds), 95 cents goes to the Affordable Housing Trust Fund, 75 cents each to the Rural Workforce and Middle Income Workforce Housing Investment Funds, and smaller portions to other housing-related funds. The bill harmonizes existing tax allocation rules across these funds and ensures collected revenue is used solely for designated housing purposes. This directly affects property sellers and buyers paying the transfer tax, with funds supporting affordable housing initiatives. The changes take effect upon enactment, modifying current tax distribution formulas.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects documentary stamp tax revenue to housing funds, increasing dedicated budget allocations for affordable housing programs through existing tax structure.95% confidence ✓ HousingSupports HousingAllocates documentary stamp tax revenue directly to Affordable Housing Trust Fund and workforce housing funds, explicitly funding housing programs per bill language.95% confidence

Sub-Topics Revenue Affordable Housing Housing Finance

died · Nebraska · Legislature Apr 17, 2026

LB 840: Provide requirements for multifamily housing projects under the Nebraska Affordable Housing Act

Nebraska's LB 840 amends the Affordable Housing Act to require new multifamily housing projects seeking state funding through the Affordable Housing Trust Fund to include accessible units. Specifically, projects must include at least 20% of units accessible for people with mobility disabilities and 10% accessible for people with hearing or vision disabilities. This applies to all projects with five or more dwelling units that receive state assistance under the Act. The requirements take effect upon the bill's passage and replace the previous accessibility standards.

Topics ✓ HousingSupports HousingRequires 20% accessible units for mobility and 10% for hearing/vision in state-funded multifamily housing, strengthening accessibility standards under affordable housing program.95% confidence

Sub-Topics Affordable Housing Housing Finance Tags People with Disabilities

Track

died · Nebraska · Legislature Apr 17, 2026

LB 1246: Provide duties for the Nebraska Investment Finance Authority and change reporting requirements under the Nebraska Affordable Housing Act

LB 1246 modifies reporting requirements for Nebraska's Affordable Housing Trust Fund and defines duties for the Nebraska Investment Finance Authority. It requires the Authority to submit monthly financial reports detailing public fund transactions to state officials, including budget administrators and economic development directors. For affordable housing projects, the bill mandates that the Department of Economic Development disburse 80% of grant funds upfront (July 1, 2026) and 20% upon completion, while requiring recipients to submit quarterly reports on fund usage starting October 1, 2025. Failure to submit reports may result in disqualification from future funding. The bill directly affects housing developers receiving trust funds, the Department of Economic Development, and the Investment Finance Authority.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates monthly financial reporting and efficient grant disbursement, enhancing fiscal accountability for public housing funds.85% confidence ✓ HousingSupports HousingMandates 80% upfront grant disbursement for affordable housing projects, accelerating funding access to advance housing development under Nebraska Affordable Housing Act.90% confidence

Sub-Topics Affordable Housing Housing Finance Property Development

Track

died · Nebraska · Legislature Apr 17, 2026

LB 583: Change provisions relating to the rate and disbursement of the documentary stamp tax, the Child Care Grant Fund, child care grants, the Military Installation Development and Support Fund, the Affordable Housing Trust Fund, the Innovation Hub Cash Fund, the Economic Recovery Contingency Fund, and the Health Care Homes for the Medically Underserved Fund

LB 583 adjusts how Nebraska's documentary stamp tax revenue funds seven existing programs, including the Child Care Grant Fund, Military Installation Development Fund, and Affordable Housing Trust Fund. It harmonizes rules across these funds, such as setting a $15,000 maximum for child care grants (no more than once every three years) and requiring matching funds for military installation projects. The bill specifies that tax revenue must be distributed to designated programs, like $100,000 annually for veterans' mental health services under the Military Fund. These changes streamline administration and clarify funding allocations without creating new programs or altering eligibility criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirects documentary stamp tax revenue to designated funds (child care, housing, military) ensuring dedicated funding for public services without tax increases or defunding.95% confidence ✓ HealthcareSupports HealthcareBill allocates documentary stamp tax revenue to the Health Care Homes for the Medically Underserved Fund, explicitly funding healthcare access for underserved populations.95% confidence ✓ HousingSupports HousingBill explicitly directs documentary stamp tax revenue to Affordable Housing Trust Fund, mandating annual funding allocation for housing programs.95% confidence

Sub-Topics Revenue Substance Abuse Affordable Housing Housing Finance Property Development

Track