The Nebraska Affordable Housing Trust Fund is seeking applications for quality housing projects that will provide the best investments of State resources to promote affordable housing.
Donor Name: Nebraska Department of Economic Development
State: Nebraska
County: All Counties
Type of Grant: Grant
Deadline: 03/20/2025
Size of the Grant: $500,000 to $1 million
Grant Duration: 2 Years
Details:
The Department is interested in providing input as early as possible in project design and in working closely with applicants to address any obstacles encountered during project development and implementation.
The Nebraska Affordable Housing Trust Fund is a resource to help increase the supply and improve the quality of affordable housing in Nebraska. The NAHTF provides matching funds for federal resources, and aims to serve the lowest-income individuals for the longest period of time.
Funding Information
- Housing Development Projects:
- $750,000 maximum per application/project for non-administrative activities.
- Rehabilitation activity has a NAHTF investment maximum of $40,000 per unit; not to exceed $750,000 per project for the following project types:
- Homeowner Owner-Occupied Rehabilitation
- Rental Rehabilitation (not conversion)
- Homebuyer Assistance Only with minor Rehabilitation
- Administrative activity funding may be requested over and above the $750,000 stated above. The requests for funding these activities may not exceed the following caps:
- General Administration – $20,000 per application/project.
- Housing Management – $5,000 per unit, not to exceed $75,000 for the following types:
- New Construction (Homebuyer and Rental); Purchase/Rehab/Resale (PRR); Rental Conversion; Rental Rehabilitation; and projects providing Homebuyer Assistance only with minor Rehabilitation.
- $2,500 per unit, not to exceed $75,000 for the below type:
- Homebuyer Assistance Only (projects providing only down payment and closing cost assistance to eligible homebuyers).
- Lead-Based Paint Testing and Assessments – $1,500 per unit for the following types only:
- Homeowner Owner-Occupied Rehabilitation (OOR), Rental Rehabilitation (not Conversion) and Purchase/Rehab/Resale.
- Technical Assistance Projects:
- $50,000 per application/project.
- This project type does not have administrative activities.
Grant Period
Projects awarded for the 2025 NAHTF cycle will have a contract end date of no more than two years from the date of Notice of Award.
Eligibility Criteria
Eligible Applicants for NAHTF include:
- Local and Governmental subdivisions
- State and federally recognized local or regional Public Housing Authorities or Agencies
- Community Action Partnership Agencies
- Community-based, Neighborhood-based, or Reservation-based nonprofits with tax exempt status of 501(c)(3) or 501(c)(4) with a mission that includes affordable housing development and/or services.
For more information, visit DED.
