The bill amends various sections of the Reissue Revised Statutes of Nebraska and the Revised Statutes Cumulative Supplement to enhance property-related provisions, particularly focusing on energy efficiency, grid resiliency, and affordable housing. It introduces terms like "grid resiliency improvements" and expands the Property Assessed Clean Energy Act, allowing municipalities to create clean energy assessment districts for financing energy projects. The bill emphasizes public hearings and transparency in establishing these districts. Additionally, it modifies the Community Development Law to facilitate the declaration of extremely blighted areas, promoting funding and redevelopment efforts to address deteriorating housing conditions and inadequate planning.

Furthermore, the bill revises definitions and criteria for "affordable housing," including workforce housing for households earning less than 150% of the median income. It mandates that at least 30% of residential housing in redeveloped substandard areas must be affordable and ensures equitable allocation of funds from the Affordable Housing Trust Fund across congressional districts. The bill also introduces a workforce housing investment grant program, reduces the matching funds requirement for grant applicants, and establishes clearer operational frameworks for the Middle Income Workforce Housing Investment Fund. Overall, the legislation aims to improve the quality of life for Nebraskans by promoting sustainable development and addressing housing shortages while ensuring accountability in the use of funds.

Statutes affected:
Introduced: 81-1237, 81-1238
Final Reading: 13-3202, 13-3203, 13-3204, 18-2101, 18-2101.02, 18-2102, 18-2103, 58-701, 58-708, 58-711, 72-805, 81-1237, 81-1238, 81-1239, 81-1240
Slip Law: 13-3202, 13-3203, 13-3204, 18-2101, 18-2101.02, 18-2102, 18-2103, 58-701, 58-708, 58-711, 72-805, 81-1237, 81-1238, 81-1239, 81-1240