Nebraska LB626 authorizes redevelopment projects involving affordable housing in blighted areas.
Nebraska LB626 amends the Community Development Law to authorize redevelopment projects involving affordable housing in blighted areas. The bill defines terms such as "affordable housing," "extremely blighted area," and "redevelopment project." It allows cities to declare areas as extremely blighted if they meet certain criteria, such as high unemployment rates and low affordable housing availability. The declaration is valid for at least 25 years. The bill also outlines the process for conducting studies and holding public hearings before declaring an area extremely blighted.
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