The Nebraska Affordable Housing Tax Credit Act (LB 884; Neb. Rev. Stat. §77-2501 et seq.) (the
“AHTC Act”)) creates a Nebraska state income tax credit (the “AHTC”) for the development of
affordable housing modeled after the federal low-income housing tax credit (“LIHTC”) provided
in Section 42 of the Internal Revenue Code (the “Code”). The Nebraska Investment Finance
Authority (“NIFA”) and the Nebraska Department of Revenue (the “Department of Revenue”) are
charged with the allocation and administration of the AHTC.
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