Grant Awarded to Finance Affordable Housing

Grant Awarded to Finance Affordable Housing

Current rates

Program
Name
Government
Loan Rate
Conventional
Loan Rate
Military Home4.125%*N/A
First Home Targeted4.125%*4.750%*
First Home4.375%*5.000%*
Homebuyer Assistance (HBA)4.875%* - 1st loan
1.000%* - 2nd loan
5.500%* - 1st loan
1.000%* - 2nd loan
Welcome HomeCOMING SOONCOMING SOON
Welcome Home Assistance (WHA)COMING SOONCOMING SOON

Last changed 08/11/22 at 9:00 a.m
*This is not an advertisement for credit as defined in Reg.Z; contact a participating NIFA lender for Annual Percentage Rate (APR) information. Rates are subject to change without prior notice. 

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Grant Awarded to Finance Affordable Housing

NIFA Awarded Grant Funding for Health Systems and Communities to Finance Affordable Housing

LINCOLN, NE – NIFA (Nebraska Investment Finance Authority) is honored to be one of the six agencies in the country awarded funding from The National Council of State Housing Agencies (NCSHA) to develop strategic partnerships with hospitals and other health organizations to finance affordable housing. The grants are the foundation of the NCSHA-sponsored Healthy Housing, Healthy Communities (H3C) Partnerships initiative, which aims to leverage the state Housing Finance Agency (HFA) role at the center of the affordable housing system to attract significant health institution involvement and elevate community-level leadership in addressing the worsening housing affordability crisis in America.

Funded by the Robert Wood Johnson Foundation, the grants will enable state HFAs to perform the planning, due diligence, and outreach necessary to secure significant financial commitments from hospitals and health organizations, which the agencies will complement with financing of their own. “Each of these leading agencies has a vision for engaging major health institutions serving their states in new ways to generate increased investment in the construction and rehabilitation of housing that is responsive to local community priorities and participation,” said NCSHA Executive Director Stockton Williams.  Read More About all Six Grant Recipient Profiles

NIFA sees a direct link between the availability of affordable housing and healthcare and the ongoing stability and success of Nebraskans. Together with Bryan Health, Community Development Resources, the Community Health Endowment, and other stakeholders, NIFA will partner to bring opportunities to immigrant families, encouraging second generation immigrants to explore health care education and career paths through the Lincoln Public Schools’ Bryan Focus Program, which combines high behavioral and academic expectation with innovative teaching design. In addition, the group will focus on providing opportunities to create additional housing for immigrants pursuing the health-care fields, connecting the first and second generations of immigrants to broader opportunities.

“NIFA has a long-standing history of partnering with community agencies across the state to achieve goals similar to those of the H3C,” said Shannon Harner, Executive Director of NIFA. “For many years, NIFA has supported organizations through our Outreach Partnership Program that address more than simply housing, specifically focusing on those that seek to address residents’ needs holistically.” The NIFA Outreach Partnership Program supports nonprofit organizations and helps increase their long-term capacity to meet community needs including affordable housing in Nebraska.