20 projects to share nearly $11 million in NE affordable housing funding

Editor’s note: This article has been corrected to provide award winners and amounts for the 2024 application cycle.

LINCOLN — This week, the Nebraska Affordable Housing Trust Fund announced nearly $11 million in grants.

The fund was established by the Nebraska Legislature in 1996 to meet the state’s affordable housing needs and is funded by a portion of document stamp taxes on real estate transactions.

A “competitive” process

The Nebraska Department of Economic Development administers the program, which provides assistance to local governments, public housing authorities, community action agencies, nonprofits and for-profit organizations that work with these entities.

Trust fund funds can be used for housing-related projects, new construction or rehabilitation, or for first-time homebuyers through direct assistance such as down payments and closing costs.

DED said this year’s cycle was “very competitive” – ​​with 52 applications requesting nearly $31 million.

The state agency selected 20 separate projects to share $10.72 million to support the development of at least 253 housing units.

2024 Award Winners, Project Locations and Amounts:

Central Nebraska Growth Foundation, Grand Island, $845,000. City of Franklin, Franklin, $809,800. GESU Housing Inc., Douglas County, $50,000. Habitat for Humanity of Omaha, Cass and Sarpy counties, $595,000. Habitat for Humanity of Omaha, Douglas County, $750,000. Habitat for Humanity of Omaha, Omaha, $770,000. Hastings Community Redevelopment Agency, Hastings, $844,750. inCOMMON housing development, Omaha, $805,000. Kearney Community Permanent Housing, Kearney, $30,000. Nebraska Housing Developers Association, statewide, $50,000. NEHI Inc., six northeastern Nebraska counties, $11,050. NeighborWorks Northeast Nebraska, Columbus, $845,000. NeighborWorks Northeast Nebraska, eight counties in northeastern Nebraska, $50,000. NeighborWorks Northeast Nebraska, eight counties in northeastern Nebraska, $869,000. Northeast Economic Development Inc., 15 counties in northeastern Nebraska, $574,500. Omaha Housing Authority, Omaha, $750,000. Pawnee Community Foundation, Pawnee, $640,000. Southwest Nebraska Community Improvement Corporation, Grant City, Villages of Hays Center and Wonetta, $590,900. Spark Capital, Douglas County, $50,000. Stewart Village Estates Ltd., Stewart Village, $789,500.

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