|First Home Targeted||2.250%*||2.750%*|
|Homebuyer Assistance (HBA)||3.000%* - 1st loan|
1.000%* - 2nd loan
|3.500%* - 1st loan|
1.000%* - 2nd loan
Last changed 11/18/21 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.
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”). Below are the details for the 2021 recipients:
|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. For more information about this and other NIFA programs, please visit www.nifa.org.