The bill amends various sections of the Reissue Revised Statutes of Nebraska and the Revised Statutes Cumulative Supplement to enhance property-related provisions, focusing 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 include financing for these improvements. The legislation modifies the Community Development Law to streamline the process for declaring areas as "extremely blighted," ensuring community involvement through public hearings and studies. It also establishes new definitions and criteria for "affordable housing," which now includes workforce housing for households earning less than 150% of the county's median income, and revises the definition of "blighted area" to encompass conditions like high unemployment and aging structures.

Additionally, the bill outlines provisions for redevelopment projects, mandating that at least 30% of residential housing in substandard and blighted areas must be affordable upon project completion. 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. The bill also introduces a grant program for workforce housing, expands eligible activities for investment funds, and enhances the framework for awarding grants under the Middle Income Workforce Housing Investment Act. It removes the need for demonstrated demand for additional "owner-occupied" housing and establishes new forms of assistance, while ensuring accountability through reporting requirements and penalties for non-compliance.

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