Nebraska Affordable Housing Trust Fund
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
The Nebraska Affordable Housing Trust Fund was created by the Nebraska Affordable Housing Act of 1996. It provides a flexible stream of financial resources to address local housing priorities, including both rental and homeownership construction and rehabilitation. Other eligible activities include assistance with operating costs and technical assistance. The fund targets households with incomes at or below 100% of the area median income (AMI) for rental activities and up to 120% of AMI for homeownership activities. In FY12, 139 units were funded.
The NAHTF has a dedicated source of funding through the Nebraska Documentary Stamp Tax. For each $2.25 stamp tax, $0.95 is dedicated to the NAHTF. The allocation of stamp tax revenues to the NAHTF was $1.20 of each stamp tax until 2011, when legislation redirected $0.25 of every $2.25 collected to provide ongoing funding for the newly-created Site and Building Development Fund (SBDF). In FY14, $6.9 million were distributed.
PLEASE NOTE: Some of the information on housing trust funds included in this database was provided by the Center for Community Change (Housing Trust Fund Project). Go to www.housingtrustfundproject.org for more information on State and Local Housing Trust Funds.
Contact: Bob Doty, Nebraska Department of Economic Development, 402-471-4169