Neb. Rev. Stat. § 58-701 et seq. § 58-707
Assistance; qualified recipients.
Operative Text
Organizations which may receive assistance under the Nebraska Affordable Housing Act are governmental subdivisions, local housing authorities, community action agencies, community-based or neighborhood-based or reservation-based nonprofit organizations, and for-profit entities working in conjunction with one of the other eligible organizations. For-profit entities that are eligible under this section shall be required to provide, or cause to be provided, matching funds for the eligible activity in an amount determined by the Department of Economic Development, which amount shall be at least equal to ten percent of the amount of assistance provided by the Affordable Housing Trust Fund. Political subdivisions, local housing authorities, community action agencies, and community-based, neighborhood-based, and reservation-based nonprofit organizations shall not be required to provide, or cause to be provided, such matching funds. Nothing in the act shall be construed to allow individuals to receive direct loans from the Affordable Housing Trust Fund.
Under Neb. Rev. Stat. § 58-701 et seq. § 58-707, the Nebraska Affordable Housing Act limits which organizations can receive assistance from the Affordable Housing Trust Fund, including governmental subdivisions, local housing authorities, community action agencies, nonprofit organizations, and for-profit entities partnering with one of those eligible groups. For-profit participants must supply matching funds of at least ten percent of the assistance received, while governmental and nonprofit recipients are exempt from that matching requirement. The provision explicitly bars individuals from receiving direct loans from the Fund.
Plain English — not legal advice.
Property owners and developers operating as for-profit entities should be aware that Neb. Rev. Stat. § 58-701 et seq. § 58-707 requires them to partner with an eligible organization—such as a local housing authority or qualifying nonprofit—in order to access Nebraska Affordable Housing Trust Fund assistance. Compliant for-profit applicants also arrange matching funds in an amount set by the Department of Economic Development, which must be at least ten percent of the assistance sought. Operators typically document both the qualifying partnership and the matching-fund commitment as part of their application materials.
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. § 58-707 does not create a direct benefit pathway for individual tenants, since the provision explicitly prohibits individuals from receiving direct loans from the Affordable Housing Trust Fund. However, tenants may benefit indirectly when eligible organizations—such as community action agencies or nonprofit housing groups—use Trust Fund assistance to develop or preserve affordable housing. Tenants seeking to understand how these funded programs might affect their housing options can reach out to local housing authorities, community action agencies, or tenant-rights organizations for general information.
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.
Effective Timeline
References Out
No outbound references recorded yet for this provision.
References In
No inbound references recorded yet for this provision.