Home National housing DED announces recipients of HOME, National Housing Trust Fund project approvals for housing development

DED announces recipients of HOME, National Housing Trust Fund project approvals for housing development

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Program Year 2021 Announcement of Project Approvals from HOME CHDO, HOME LIHTC and National Housing Trust Fund

The Nebraska Department of Economic Development (DED) announced recipients of more than $3.5 million in federal funding for affordable and low-income housing development through the following programs:

  • The HOME Investment Partnerships Fund Community Housing Development Organization (HOME CHDO) program, administered by the DED to support nonprofit organizations specializing in the development of homeownership units for low- to middle-income households.
  • The HOME Investment Partnerships Fund Rental Development Program, through which the DED works with the Nebraska Investment Finance Authority (NIFA) to allocate tax credits and HOME funding to projects that develop affordable rental housing throughout the state.
  • The National Housing Trust Fund (HTF), through which the DED works with NIFA to allocate tax credits and funding from the HTF to the development of rental housing to benefit ultra-low-income households statewide .

Today’s project approvals include $1,555,000 in HOME CHDO funding, with recipients listed in Table 1.

Table 1 HOME Community Housing Development Organization (HOME CHDO) Investment Partnership Fund Beneficiaries and Project Activities, 2021

Table 1

The beneficiaries of today’s HOME rental development project are shown in Table 2, HOME’s total approval of $1 million.

Table 2 Beneficiaries of the HOME rental development project and project activities, 2021

Table 2

Finally, current HTF recipients are shown in Table 3, total HTF approval of $1 million.

Table 3 National Housing Trust Fund Beneficiaries and Project Activities, 2021

Table 3

For more information about these programs, visit opportunity.nebraska.gov.