Under the 2024 program cycle, NAHTF recipients will receive assistance for housing projects and non-profit technical support for a total of 20 projects statewide.
The Nebraska Department of Economic Development (DED) is pleased to announce the recipients of $10.72 million in awards under the 2024 application cycle of the Nebraska Affordable Housing Trust Fund (NAHTF).
The Nebraska Affordable Housing Trust Fund (NAHTF) was established by the Nebraska Legislature in 1996 through the Nebraska Affordable Housing Act. Enacted to address Nebraska’s affordable housing needs, the Act calls for a portion of the documentary stamp tax from Nebraska real estate transactions to be transferred to the NAHTF. DED administers the fund to support the development of quality, affordable housing across the state. Having a ready supply of reasonably priced housing helps communities recruit new families, attract businesses, and ensure residents at all income levels can enjoy the Good Life.
The NAHTF program assists local units of government, public housing authorities, community action agencies, nonprofit organizations and for-profits working in partnership with one of these entities. NAHTF dollars may be applied to support a variety of housing-related projects, including the construction of new units and rehabilitation of a community’s existing housing stock. The program also supports first-time homebuyers through direct homebuyer assistance such as down-payment and closing costs.
The NAHTF application cycle for 2024 was highly competitive. DED received 52 full applications, requesting a total of $30,683,015.
Today’s awards will assist 20 individual projects and support the development of at least 253 housing units. Projects include new home construction, construction of new rental housing, rehabilitation of existing structures, and homebuyer assistance.
“NAHTF has a proven track record of helping communities develop attractive, affordable housing,” said DED Director K.C. Belitz. “Each year, the amount of NAHTF funding requested from quality applicants greatly exceeds DED’s funding availability. The organizations awarded this cycle made especially strong cases for how their projects will alleviate local housing needs. Congratulations to the NAHTF award recipients for 2024! Also, thank you to the many applicants who, while not awarded this round, are doing important work to serve their communities.”
Awards from the 2024 NAHTF application cycle are listed below. All award amounts are subject to a contract review and final underwriting process. For more information about the program, including how to apply, visit https://opportunity.nebraska.gov/programs/housing/nahtf/.
| Nebraska Affordable Housing Trust Fund Award Recipients – 2024 Application Cycle | |||||
| Awardee Organization | Congressional District | Project Location | Project Description | Project Summary | NAHTF Award Amount |
| Habitat for Humanity of Omaha, Inc. | CD1 | Cass and Sarpy counties | Rehabilitation | Homeowner | $595,000 |
| NeighborWorks Northeast Nebraska | CD1 | City of Columbus | New Construction | Rental | $845,000 |
| NeighborWorks Northeast Nebraska | CD1 | 8 counties in northeast Nebraska | Non-Profit Technical Assistance | Technical Assistance | $50,000 |
| NeighborWorks Northeast Nebraska | CD1 | 8 counties in northeast Nebraska | Purchase/Resale/Rehab Homebuyer Assistance | Homebuyer | $869,000 |
| Nebraska Housing Developers Association | CD1 | Statewide | Non-Profit Technical Assistance | Technical Assistance | $50,000 |
| Northeast Economic Development, Inc. | CD1 | 15 counties in northeast Nebraska | Rehabilitation | Homeowner | $574,500 |
| GESU Housing, Inc. | CD2 | Douglas County | Non-Profit Technical Assistance | Technical Assistance | $50,000 |
| Habitat for Humanity of Omaha, Inc. | CD2 | Douglas County | Purchase/Rehab/Resale | Homebuyer | $750,000 |
| Habitat for Humanity of Omaha, Inc. | CD2 | City of Omaha | New Construction | Homebuyer | $770,000 |
| inCOMMON Housing Development | CD2 | City of Omaha | New Construction | Rental | $805,000 |
| Omaha Housing Authority | CD2 | City of Omaha | New Construction | Rental | $750,000 |
| Spark Capital | CD2 | Douglas County | Non-Profit Technical Assistance | Technical Assistance | $50,000 |
| Central Nebraska Growth Foundation | CD3 | City of Grand Island | New Construction | Rental | $845,000 |
| City of Franklin | CD3 | City of Franklin | Rental Construction | Rental | $809,800 |
| Hastings Community Redevelopment Authority | CD3 | City of Hastings | New Construction | Rental | $844,750 |
| Kearney Community Sustainable Housing | CD3 | City of Kearney | Non-Profit Technical Assistance | Technical Assistance | $30,000 |
| NEHI, Inc. | CD3 | 6 counties in northeast Nebraska | Non-Profit Technical Assistance | Technical Assistance | $11,050 |
| Pawnee City Community Foundation, Inc. | CD3 | City of Pawnee City | New Construction | Homebuyer | $640,000 |
| Southwest Nebraska Community Betterment Corporation | CD3 | City of Grant, Villages of Hayes Center and Wauneta | New Construction, Homebuyer Assistance | Homebuyer | $590,900 |
| Stuart Village Manor, Inc. | CD3 | Village of Stuart | New Construction | Rental | $789,500 |
| Total of NAHTF Awards: 2024 Cycle | $10,719,500 | ||||