2020 was a year unlike any other. The NIFA team worked diligently to support first-time homebuyers, lender partners and realtors in a new virtual setting. NIFA continued to allocate federal and state resources that supported and produced affordable rental housing, as well as helping farmers and ranchers purchase land and equipment to start their agribusinesses and supporting the future of agribusiness by awarding funds to local ag clubs and chapters.
Issued $210.1 million in Single Family tax-exempt bonds for NIFA’s Homeownership Program.
Financed 1403 mortgage loans totaling
$195.6 million for homes in 70 counties.
Funded 222 Workforce housing units
in 11 Nebraska communities.
Participated in over $2.7 million in loans
to finance 2082 acres of ag land.
Trained 95 Real Estate Specialists and 16
Loan Officer Specialists in a virtual setting.
Awarded $50000 to 4-H Clubs &
FFA Chapters for superior performance.
Awarded $73.9 million in Low-Income Housing Tax Credit and Affordable Housing Tax Credits towards the development of affordable rental housing for low-income individuals and families.
Awarded 15 grants in the Housing Study
Grant Program totaling in $109650 with
matching funds of $153350.
Funded 13 affordable rental projects,
70 special needs units, 24 rent-to-own units,
116 elderly units, and 217 family units.
Engaged 2389 participants in 30 educational
webinars to disseminate information.
Monitored 13010 units for LIHTC compliance.
borrowers received a first mortgage under our Homeownership Program thru Dec 2020.
loans for the Beginning Farmer and Rancher Loan Program totaling over $131 million thru Dec 2020.
years sponsoring the Governor’s Agricultural Excellence Awards Program.
in match funds
for the Rural Workforce
allocated for the Low-Income Housing Tax Credit Program.
coordinated for the Multi-Family Tax Exempt Bond Program.
"Close on the heels of that change, was the opportunity for NIFA to re-examine and re-dedicate itself to its role in growing Nebraska communities through affordable housing and agribusiness. Throughout the pandemic, NIFA has pivoted not only to maintain, but to grow its efforts to communicate and collaborate, seeking to be an integral part of the solution for our state.”
Shannon Harner, Executive Director – NIFA
Anthony Goins, Board Chair – NIFA
COVID had a significant impact on our lives. The pandemic changed the way people work, the way we show up and support our neighbors and the community, and the way we financially prepare for the future. We’re proud to say that despite everything, we continued to assist our Nebraska communities in the best ways we know how.