This bill amends the Community Development Law in Nebraska to prioritize affordable housing in redevelopment projects. It introduces new definitions for "affordable housing," which encompasses workforce housing and housing for households earning less than sixty percent of the county's median income. The criteria for declaring an area as "extremely blighted" are modified to include areas with less than twenty percent affordable housing, and the designation of such areas will now be valid for a minimum of twenty-five years. The bill also mandates public hearings and studies to evaluate the conditions of these areas, ensuring transparency in the process.

Additionally, the bill updates various definitions related to redevelopment projects, including the removal of the term "workforce housing" and the specification that less than twenty percent of housing must be affordable to qualify as a "substandard area." It clarifies the roles of "redeveloper," "redevelopment contract," and "redevelopment project," while repealing outdated sections of the Nebraska Revised Statutes. These amendments aim to enhance the clarity and effectiveness of redevelopment initiatives, addressing the urgent need for affordable housing and promoting community revitalization in Nebraska.

Statutes affected:
Introduced: 18-2101.02, 18-2102, 18-2103