Nebraska LB622 establishes the Statewide Housing Assistance Program, modifies the Affordable Housing Trust Fund, and changes documentary stamp tax.
Nebraska LB622 creates the Statewide Housing Assistance Program, administered by a nonprofit organization contracted by the Department of Economic Development, to provide downpayment assistance for homebuyers. It modifies the Affordable Housing Trust Fund to include new construction, rehabilitation, acquisition, and other activities to assist low-income and very low-income families. The bill also changes the disbursement of the documentary stamp tax, with the register of deeds retaining a portion for the county general fund and the remainder going to various state funds.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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