LB1045

Nebraska LB1045 establishes the Nebraska Public Housing Preservation Trust to finance and oversee public housing improvements.

Nebraska LB1045 creates the Nebraska Public Housing Preservation Trust, a public corporation to finance and rehabilitate public housing. The trust will issue bonds, enter into long-term leases, and apply for federal funding. It will enter agreements with local housing agencies to modernize housing while maintaining public ownership. The trust will be governed by a nine-member board, including residents and housing agency representatives. The trust will ensure resident protections, including just-cause eviction policies and rent caps.