The bill amends various sections of the Reissue Revised Statutes of Nebraska and the Revised Statutes Cumulative Supplement, 2024, to improve provisions related to property, with a focus on energy efficiency, grid resiliency, and affordable housing. It introduces new terms such as "grid resiliency improvement" and expands the Property Assessed Clean Energy Act to facilitate financing for energy projects. The legislation also modifies the Community Development Law to enhance affordable housing initiatives and redevelopment efforts in blighted areas, establishing new requirements for cities to declare areas as extremely blighted, including conducting studies and public hearings, and ensuring such designations remain valid for at least twenty-five years.

Additionally, the bill outlines provisions for redevelopment projects that include affordable housing, mandating that at least 30% of residential units in these projects be affordable. It amends the Nebraska Affordable Housing Act to exempt certain new construction projects from energy conservation code requirements and requires the Department of Economic Development to allocate a minimum of 30% of available funds to each congressional district, prioritizing low-income projects. The bill also introduces a grant program for workforce housing, reduces the matching funds requirement for applicants, and establishes a framework for the Middle Income Workforce Housing Investment Fund, enhancing accountability and streamlining the funding process for housing development in Nebraska.

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