LIHTC owners may request to provide temporary emergency housing for those displaced by disaster

LIHTC owners may request to provide temporary emergency housing for those displaced by disaster

Current rates

Program
Name
Conventional
Loan Rate
Government
Loan Rate
Military Home N/A 5.375%*
First Home Targeted 5.875%* 5.375%*
First Home 6.125%* 5.625%*
Homebuyer Assistance (HBA) 6.375%* - 1st loan
1.000%* - 2nd loan
5.875%* - 1st loan
1.000%* - 2nd loan
Welcome Home++ 6.875%* 6.375%*
Welcome Home Assistance (WHA)++ 7.125%* - 1st loan
1.000%* - 2nd loan
6.625%* - 1st loan
1.000%* - 2nd loan

Last changed 07/23/2024 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. 

++An origination fee up to 0.50% of the loan amount may be charged by Lender.

General

May 22, 2024

LIHTC owners may request to provide temporary emergency housing for those displaced by disaster

NIFA provides notice to § 42 rental housing owners that units in their developments may be made available to provide emergency temporary housing to displaced individuals from certain FEMA designated counties

On May 3, 2024, President Biden issued a Major Disaster Declaration (“Presidential Declaration”) for Nebraska. The Federal Emergency Management Agency (FEMA) designated 2 Nebraska counties (Douglas and Washington) as areas eligible for individual assistance from the federal government. The Nebraska Investment Finance Authority has notified Owners of § 42 rental housing developments that under Internal Revenue Procedure 2014-49, they may offer emergency temporary housing to Displaced Individuals without regard to the § 42 income requirements. A Displaced Individual is defined as someone who has been displaced from their principal residences by the disaster (which residences are or were located in the Nebraska counties approved for Individual Assistance by FEMA). Development owners may request approval from NIFA to provide temporary emergency housing to displaced individuals by submitting the Owner Request to Provide Emergency Housing form located at nifa.org/developers-property-managers/forms-docs.

A list of approved properties will be posted at nifa.org/developers-property-managers/forms-docs for displaced individuals who are seeking housing. Another valuable resource for those seeking a rental unit is nebraska.findhelp.com.

Questions or inquiries: txcr.multifamily@nifa.org or 402.434.3900.