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Nebraska Investment Finance Authority (NIFA) – Low Income Housing Tax Credit (LIHTC) Pandemic Gap Funding Program
In Section 42 of LB1014, Coronavirus State and Local Fiscal Recovery Funds were allocated to contract with the Nebraska Investment Finance Authority (NIFA) for the development of affordable housing units eligible for federal four and nine percent low-income housing tax credit programs.
Eligibility Information
What Can the Grants Be Used for?
Funds allocated will be used to develop affordable housing units eligible for federal four and nine percent low-income housing tax credit (LIHTC) programs. Furthermore, NIFA LIHTC projects awarded in 2020 or 2021 that experienced a negative economic impact, such as gaps in funding as a result of construction cost increases due to the COVID-19 pandemic, are eligible. The NIFA LIHTC, Pandemic Relief Program, will provide qualified developers with additional resources to allow for the completion of affordable rental housing developments.
Pursuant to 31 C.F.R. Part 35, this response is an enumerated eligible use of the Coronavirus State and Local Fiscal Recovery Funds for a presumed disproportionately impacted by the public health emergency or its negative economic impacts.
Coronavirus State and Local Fiscal Recovery Funds – Final Rule
Program Resources
| Title | File Type | Date |
|---|---|---|
| Title VI – Assurance of Compliance with Civil Rights Requirements | June 4, 2024 |
Grant Management Resources
This page will provide technical assistance on using AmpliFund to apply for and manage grants awarded by DED.
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