Housing construction, (Brian Neben, Central Nebraska Today)
NEBRASKA — The Nebraska Department of Economic Development (DED) is pleased to announce the recipients of $10.18 million in awards under the 2025 application cycle of the Nebraska Affordable Housing Trust Fund (NAHTF).
The Nebraska Affordable Housing Trust Fund (NAHTF) was established by the Nebraska Legislature in 1996 through the Nebraska Affordable Housing Act. Enacted to address Nebraska’s affordable housing needs, the Act calls for a portion of the documentary stamp tax from Nebraska real estate transactions to be transferred to the NAHTF. DED administers the fund to support the development of quality, affordable housing across the state. Having a ready supply of reasonably priced housing helps communities recruit new families, attract businesses, and ensure residents at all income levels can enjoy the Good Life.
The NAHTF program assists local units of government, public housing authorities, community action agencies, nonprofit organizations, and for-profits working in partnership with one of these entities. NAHTF dollars may be applied to support a variety of housing-related projects, including the construction of new units and rehabilitation of a community’s existing housing stock. The program also supports first-time homebuyers through direct homebuyer assistance such as down-payment and closing costs.
The NAHTF application cycle for 2025 was highly competitive. DED received 55 full applications, requesting a total of $29,479,816.
Today’s awards will assist 22 individual projects and support the development of at least 296 housing units. Projects include new home construction, construction of new rental housing, rehabilitation of existing structures, and homebuyer assistance.
“Nebraska is a national leader in homebuilding and housing affordability, and NAHTF makes a vital contribution to this success,” said DED Interim Director Maureen Larsen. “This year’s NAHTF funding cycle attracted outstanding applications. Congratulations to the program’s 2025 awardees! Thank you to the additional organizations that, while not awarded this round, are doing praiseworthy work to develop high-quality housing for Nebraskans.”
Awards from the 2025 NAHTF application cycle are listed below. All award amounts are subject to a contract review and final underwriting process. For more information about the program, including how to apply, visit https://opportunity.nebraska.gov/programs/housing/nahtf.
Awarded Organizations, Congressional District, Project Location, Project Description, Summary, Award Amount:
- City of Central City, CD3, City of Central City, New Construction, Rental, $840,000
- Hastings Community Redevelopment Authority, CD3, City of Hastings, Rehabilitation Conversion, Rental, $830,000
- The Housing Development Corporation, CD3, City of Hastings, New Construction, Rental, $845,000
