The Nebraska Investment Finance Authority (NIFA) Board of Directors has authorized the establishment of the Rural Workforce Housing Match Program (“Match Program”) 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”).
The Board authorized the allocation of up to $5 million to the Match Program to assist RWHF applicants with a portion of their required financial matching funds. $2,892,510 was awarded to 12 recipients in 2018. The remaining $2,107,490 is available for eligible applicants that have not received a previous award of Match Program funds and who will also be applying to DED for the RWHF.
The application deadline is January 4, 2021.
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.