The Nebraska Investment Finance Authority (NIFA) has awarded Rural Workforce Housing Match (RWH Match) Program funds to applicants that have also received an award of Rural Workforce Housing Funds from the Department of Economic Development (“DED”). NIFA’s RWH Match program was established within the Nebraska Opportunity Fund (“NOF”) for purposes of promoting, developing, implementing and financing rural workforce housing by providing match funds to applicants making applications to the Rural Workforce Housing Fund (“RWHF”) administered by the Department of Economic Development (“DED”).
|Aurora Housing Development Corporation||$250,000|
|Cozad Development Corporation||$200,000|
|Cuming County Economic Development, Inc.||$200,000|
|Gothenburg Improvement Company||$200,000|
|Keith County Housing Development Corporation, Inc.||$250,000|
|McCook Economic Development Corporation||$163,745|
|Pender Community Development, Inc.||$250,000|
|Seward County Chamber & Development Partnership||$200,000|
|Twin Cities Development Association, Inc.||$163,745|
Funds from the RWH Match are limited to a maximum of $250,000 per recipient and may not exceed (33%) of the total amount of funds proposed to be invested by the recipient. The RWH Match funds must be deployed by the recipient as revolving funds to insure the continual utilization of the funds in support of RWHF initiatives.
RWH Match funds will not be available for DED’s second round of funding for RWHF.
Please see the guidelines and application for more information:
The Nebraska Investment Finance Authority (NIFA) Board of Directors has authorized the establishment of the NIFA Urban Workforce Housing Match (NUW-HOM) Program within the Nebraska Opportunity Fund for the purposes of the development, production, implementation and financing of owner-occupied Workforce Housing in accordance with the Nebraska Department of Economic Development’s Middle Income Workforce Housing Investment Fund (“MWHF”) program and the NUW-HOM Program Guidelines.
The Board authorized the allocation of up to $6 million to the NUW-HOM Program to assist MWHF applicants with a portion of their required matching funds. Eligible recipients (“Eligible Recipients”) of NUW-HOM are non-profit development organizations that are authorized to submit an application for the MWHF. An Eligible Recipient must receive an award of funds from the MWHF to be eligible for an award of NUW-HOM.
The maximum amount of a NUW-HOM award is $1,000,000 per Eligible Recipient per NUW-HOM application cycle. NUW-HOM may be used by the Eligible Recipient in connection with the MWHF to develop Workforce Housing units designed for owner-occupants to be located or carried out in a Qualified Census Tract (QCT) as described in 26 U.S.C. 42(d)(5)(b) in a community in Douglas, Lancaster or Sarpy county only (the “Eligible Counties”). An eligible county may receive no more than a total of $3 million of NUW-HOM Program funds.