Bill

Bill > LB288


NE LB288

Change provisions of the Property Assessed Clean Energy Act, the Community Development Law, the Nebraska Affordable Housing Act, and the Middle Income Workforce Housing Investment Act


summary

Introduced
01/15/2025
In Committee
01/17/2025
Crossed Over
04/23/2025
Passed
06/02/2025
Dead
Signed/Enacted/Adopted
06/02/2025

Introduced Session

109th Legislature

Bill Summary

A BILL FOR AN ACT relating to property; to amend sections 13-3202, 13-3203, 13-3204, 18-2102, 58-701, 58-708, 58-711, 81-1237, 81-1238, 81-1239, and 81-1240, Reissue Revised Statutes of Nebraska, and sections 18-2101, 18-2101.02, 18-2103, and 72-805, Revised Statutes Cumulative Supplement, 2024; to change legislative findings and provisions relating to requirements for ordinances or resolutions under the Property Assessed Clean Energy Act; to define and redefine terms; to change provisions relating to redevelopment projects under the Community Development Law; to change and provide provisions under the Nebraska Affordable Housing Act relating to the construction of new buildings, grants, and reports; to change provisions relating to buildings constructed with state funds; to change provisions relating to grant funding considerations and the annual report under the Middle Income Workforce Housing Investment Act; to harmonize provisions; to provide operative dates; and to repeal the original sections.

AI Summary

This bill proposes comprehensive changes to several Nebraska housing and development laws, focusing on expanding and clarifying provisions related to affordable housing, clean energy assessments, and workforce housing investment. The bill modifies the Property Assessed Clean Energy Act to include "grid resiliency improvements" alongside energy efficiency upgrades, allowing municipalities to create clean energy assessment districts that can finance projects like backup power generators and solar panels with battery storage. Under the Community Development Law, the bill expands definitions of blighted areas to include neighborhoods with less than 20% affordable housing and establishes new criteria for approving redevelopment projects in such areas. The Nebraska Affordable Housing Act is amended to change grant funding procedures, including disbursing 80% of housing development costs upfront and 20% upon project completion, and requiring quarterly reporting of fund usage. The Middle Income Workforce Housing Investment Act sees updates to definitions, including introducing "rent-to-own housing" and expanding eligible housing types, with new provisions for homeownership incentive reserve accounts. Additionally, the bill modifies energy conservation code requirements for certain housing projects and adjusts reporting and fund management requirements across these different housing and development programs.

Committee Categories

Housing and Urban Affairs

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Urban Affairs Committee (L)

Last Action

Provisions/portions of LB626 amended into LB288 by AM733 (on 06/06/2025)

bill text


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