20 projects to share nearly $11M from NE Affordable Housing Trust Fund

Cindy Gonzalez
·2 min read

(Getty Images)

Editor’s note: This story has been corrected to provide award recipients and amounts for the 2024 application cycle. 

LINCOLN — Nearly $11 million in awards from the Nebraska Affordable Housing Trust Fund were announced this week.

Established in 1996 by the Nebraska Legislature to address the state’s affordable housing needs, the fund is fueled by a portion of the documentary stamp tax from real estate transactions.

‘Highly competitive’ process

The Nebraska Department of Economic Development administers the program, which assists local governments, public housing authorities, community action agencies, nonprofits and for-profits that work with the entities.

Trust fund dollars can be used for housing-related projects, new construction or rehabilitation, or for first-time homebuyers through direct assistance such as down payment and closing costs.

This year’s cycle was “highly competitive,” the DED said — with 52 applications requesting nearly $31 million.

The state agency selected 20 individual projects to share $10.72 million that will support development of at least 253 housing units. 

2024 awardees, project site and amount:

  • Central Nebraska Growth Foundation, City of Grand Island, $845,000.

  • City of Franklin, City of Franklin, $809,800.

  • GESU Housing Inc., Douglas County, $50,000.

  • Habitat for Humanity of Omaha Inc., Cass and Sarpy Counties, $595,000.

  • Habitat for Humanity of Omaha Inc., Douglas County, $750,000.

  • Habitat for Humanity of Omaha Inc., Omaha, $770,000.

  • Hastings Community Redevelopment Authority, Hastings, $844,750.

  • inCOMMON Housing Development, Omaha, $805,000.

  • Kearney Community Sustainable Housing, Kearney, $30,000.

  • Nebraska Housing Developers Association, statewide, $50,000.

  • NEHI Inc., six northeast Nebraska counties, $11,050.

  • NeighborWorks Northeast Nebraska, Columbus, $845,000.

  • NeighborWorks Northeast Nebraska, eight northeast Nebraska counties, $50,000.

  • NeighborWorks Northeast Nebraska, eight northeast Nebraska counties, $869,000.

  • Northeast Economic Development Inc., 15 northeast Nebraska counties, $574,500.

  • Omaha Housing Authority, Omaha, $750,000.

  • Pawnee City Community Foundation, Pawnee City, $640,000.

  • Southwest Nebraska Community Betterment Corp., City of Grant, Villages of Hayes Center and Wauneta, $590,900.

  • Spark Capital, Douglas County, $50,000.

  • Stuart Village Manor Inc., Village of Stuart, $789,500.

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