The resolution proposes an interim study to investigate the financial and structural barriers that prevent Nebraskans from achieving homeownership. It aims to explore various obstacles such as high down payments, limited access to credit, rising housing costs, and a lack of affordable housing. The study will also assess how these barriers affect economic mobility and will consider potential state or local policy solutions to enhance homeownership opportunities throughout Nebraska.
The Urban Affairs Committee of the Nebraska Legislature is tasked with conducting this interim study. Upon completion, the committee is required to report its findings and recommendations to the Legislative Council or the Legislature, providing insights and potential strategies to address the identified barriers to homeownership in the state.