Neb. Rev. Stat. § 58-701 et seq. § 58-705
Department of Economic Development; Affordable Housing Trust Fund; duties.
Operative Text
The Department of Economic Development shall use the Affordable Housing Trust Fund to finance loans, grants, subsidies, credit enhancements, and other financial assistance for community affordable housing projects and for expenses of the department as appropriated by the Legislature for administering the fund.
Under Neb. Rev. Stat. § 58-701 et seq. § 58-705, Nebraska's Department of Economic Development is directed to deploy the Affordable Housing Trust Fund as a financing vehicle for community affordable housing projects. The fund may be used to provide loans, grants, subsidies, credit enhancements, and other forms of financial assistance. Administrative expenses of the department are also eligible uses, but only to the extent the Legislature has appropriated funds for that purpose.
Plain English — not legal advice.
Property owners and developers pursuing affordable housing projects in Nebraska should be aware that Neb. Rev. Stat. § 58-701 et seq. § 58-705 authorizes the Department of Economic Development to offer a range of financial tools—including loans, grants, and credit enhancements—through the Affordable Housing Trust Fund. Operators working on community affordable housing projects may find this fund a relevant source of project financing. Compliant applicants generally document that their projects meet the program's community affordable housing criteria as defined by the department.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Neb. Rev. Stat. § 58-701 et seq. § 58-705 establishes a state-level funding mechanism intended to support the creation and preservation of affordable housing across Nebraska. Tenants benefit indirectly when this fund helps finance affordable housing projects in their communities. Those seeking affordable housing resources may wish to contact the Nebraska Department of Economic Development or a local tenant-rights organization to learn about projects or programs supported through this fund.
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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