Neb. Rev. Stat. § 58-701 et seq. § 58-706
Affordable Housing Trust Fund; eligible activities.
Operative Text
The following activities are eligible for assistance from the Affordable Housing Trust Fund: (1) New construction, rehabilitation, or acquisition of housing to assist low-income and very low-income families; (2) Matching funds for new construction, rehabilitation, or acquisition of housing units to assist low-income and very low-income families; (3) Technical assistance, design and finance services, and consultation for eligible nonprofit community or neighborhood-based organizations involved in the creation of affordable housing; (4) Matching funds for operating costs for housing assistance groups or organizations when such grant or loan will substantially increase the recipient's ability to produce affordable housing; (5) Mortgage insurance guarantees for eligible projects; (6) Acquisition of housing units for the purpose of preservation of housing to assist low-income or very low-income families; (7) Projects making affordable housing more accessible to families with elderly members or members who have disabilities; (8) Projects providing housing in areas determined by the Department of Economic Development to be of critical importance for the continued economic development and economic well-being of the community and where, as determined by the department, a shortage of affordable housing exists; (9) Infrastructure projects necessary for the development of affordable housing; (10) Downpayment and closing cost assistance; (11) Demolition of existing vacant, condemned, or obsolete housing or industrial buildings or infrastructure; (12) Housing education programs developed in conjunction with affordable housing projects. The education programs must be directed toward: (a) Preparing potential home buyers to purchase affordable housing and postpurchase education; (b) Target audiences eligible to utilize the services of housing assistance groups or organizations; and (c) Developers interested in the rehabilitation, acquisition, or construction of affordable housing; (13) Support for efforts to improve programs benefiting homeless youth; (14) Vocational training in the housing and construction trades industries by nonprofit groups; and (15) Weatherization and solar or other energy improvements to make utilities for housing more affordable.
Neb. Rev. Stat. § 58-701 et seq. § 58-706 defines the range of activities that may receive funding from Nebraska's Affordable Housing Trust Fund, covering everything from building or rehabilitating homes for low- and very low-income families to weatherization improvements, downpayment assistance, demolition of blighted structures, and vocational training in construction trades. The provision also allows funds to support nonprofit housing organizations, mortgage insurance guarantees, infrastructure tied to affordable housing development, and programs serving homeless youth. In short, the statute establishes a broad but defined menu of permissible uses for trust fund dollars.
Plain English — not legal advice.
Property owners and developers seeking funding under Neb. Rev. Stat. § 58-701 et seq. § 58-706 generally align their project proposals with one or more of the fifteen enumerated eligible activities—such as new construction, rehabilitation, acquisition, or energy improvements—to qualify for trust fund assistance. Compliant applicants typically document how their project serves low- or very low-income families and, where applicable, demonstrate how matching funds or operating cost grants will expand affordable housing production. Operators working with nonprofit partners or on infrastructure-linked projects also commonly show that their activities fall within the specific categories the statute recognizes.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
For renters and prospective homeowners, Neb. Rev. Stat. § 58-701 et seq. § 58-706 signals that state trust fund resources can flow toward a wide array of programs that may benefit them directly—including downpayment and closing cost assistance, housing education, accessibility improvements for elderly or disabled household members, and support for homeless youth services. Tenants who believe a local housing organization or project should be accessing these funds can inquire with the Nebraska Department of Economic Development or contact a local tenant-rights or housing counseling organization to learn about available programs. Understanding which activities are eligible under this provision can help renters identify resources and organizations positioned to assist them.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 5, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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