This bill amends various sections of the Nebraska Revised Statutes to enhance the powers of the Nebraska Investment Finance Authority and modify the Nebraska Affordable Housing Act. Key provisions include the authority's ability to support and manage nonprofit entities, the requirement to provide information about public fund programs to state agencies, and new reporting requirements for fund recipients. The bill also eliminates the housing advisory committee, streamlining the administration of the Affordable Housing Trust Fund, and modifies fund allocation to prioritize low-income projects while ensuring timely disbursement. Additionally, it clarifies energy efficiency requirements for new state buildings and exempts certain projects from state oversight if they will not be owned or managed by the state.

Moreover, the bill establishes a workforce housing grant program to support nonprofit organizations in creating affordable housing, with specific matching fund requirements and criteria for grant awards. It introduces the Middle Income Workforce Housing Investment Fund, funded through legislative transfers and private contributions, and mandates reporting responsibilities for nonprofit organizations. The bill also includes penalties for non-compliance with reporting requirements and allows for the contracting of agents to assist in program administration. Overall, the legislation aims to streamline housing investment initiatives and enhance accountability in the use of public resources.

Statutes affected:
Introduced: 58-712, 58-701, 58-703, 58-708, 58-709, 72-804, 72-805, 81-1232, 81-1241
Final Reading: 58-712, 58-701, 58-703, 58-708, 58-709, 72-804, 72-805, 81-1228, 81-1229, 81-1230, 81-1231, 81-1232, 81-1237, 81-1238, 81-1239, 81-1240, 81-1241