This bill amends several sections of the Nebraska Revised Statutes to enhance the powers of the Nebraska Investment Finance Authority and to modify provisions related to the Nebraska Affordable Housing Act. Key changes include the authority's ability to support and manage nonprofit entities to further its objectives, as well as the elimination of the housing advisory committee. The bill also introduces new requirements for the Department of Economic Development regarding the allocation of funds from the Affordable Housing Trust Fund, including a mandate to allocate at least thirty percent of available funds to each congressional district and to prioritize projects serving the lowest income occupants.

Additionally, the bill updates the requirements for new state buildings to comply with the 2018 International Energy Conservation Code, with specific exemptions for buildings not owned or managed by the state after construction. It also outlines the process for disbursing grant funds to qualified recipients, including the establishment of escrow accounts for fund management. The bill repeals certain sections of existing law, including those related to the housing advisory committee and specific provisions of the Affordable Housing Act, streamlining the legislative framework governing housing assistance in Nebraska.

Statutes affected:
Introduced: 58-712, 58-701, 58-703, 58-708, 58-709, 72-804, 72-805, 81-1232, 81-1241