Nebraska Affordable Housing Trust Fund (Nahtf) Final Performance Report - Nebraska

Nebraska Trust Fund (Nahtf) Final Performance Report is a legal document that was released by the Nebraska Department of Economic Development - a government authority operating within Nebraska.

FAQ

Q: What is the Nebraska Affordable Housing Trust Fund?
A: The Nebraska Affordable Housing Trust Fund (NAHTF) is a program that provides financial assistance for the development of affordable housing in Nebraska.

Q: What is the purpose of the NAHTF?
A: The purpose of the NAHTF is to increase the availability of affordable housing options for low-income individuals and families in Nebraska.

Q: Who administers the NAHTF?
A: The Nebraska Affordable Housing Trust Fund is administered by the Nebraska Investment Finance Authority (NIFA).

Q: How is the NAHTF funded?
A: The NAHTF is funded through a dedicated portion of documentary stamp taxes on real estate transactions in Nebraska.

Q: What types of projects are funded by the NAHTF?
A: The NAHTF provides funding for the construction, rehabilitation, and preservation of affordable rental housing units and homeownership opportunities.

Q: Who is eligible to apply for NAHTF funding?
A: Eligible applicants for NAHTF funding include developers, nonprofit organizations, and local governments.

Q: What are the income limits to qualify for affordable housing funded by NAHTF?
A: Income limits for affordable housing funded by NAHTF vary depending on family size and the county where the housing is located. It is typically available to individuals and families with low to moderate incomes.

Q: Are there any restrictions on the use of NAHTF funds?
A: Yes, there are restrictions on the use of NAHTF funds. They must be used for projects that provide affordable housing opportunities and meet certain affordability requirements.

Q: What impact has the NAHTF had on affordable housing in Nebraska?
A: The NAHTF has had a positive impact on increasing the availability of affordable housing in Nebraska by providing funding for the development and preservation of affordable housing units.