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OUR LATEST POSTS

NIFA’s Homeownership Team Announces Top Producer and Shining Star Award Winners

NIFA’s Homeownership team recently held annual lender training meetings at the LaVista Conference Center on October 17th and at the Holiday Inn Express in North Platte on October 18th. At these events, awards were presented to the Top Producers and Shining Stars. Top Producer awards are given to the top ten loan officers who originate the most NIFA loans for first-time homebuyers in Nebraska in 2015.

Work on Building to Cause Lane Closure on Havelock Avenue

The eastbound lane of Havelock Avenue will be closed from 61st to 62nd streets until at least October 20 for work on the building at 6117 Havelock Avenue. The City Building and Safety Department has declared the brick façade of the building to be dangerous, and a contractor has been hired to remove the brick material from the building face.

$586,265 HOME funds awarded for Schuyler senior housing project

The Nebraska Department of Economic Development has awarded $589,265 HOME funds for construction of Kracl Meadows, LLC, a senior housing development in Schuyler, Neb. The development is located west of Denver Street and south of 22nd Street

NorthStar Financial Group celebrates grand opening of new facility

NorthStar Financial Group, LLC (“NorthStar”), a financial services holding company headquartered in Omaha, celebrated the grand opening of its second Omaha office facility after which guests were treated to tours. The new 45,000-sq. ft. facility, located at 17645 Wright St., has enough space to house 360 employees. Ground was broken in June 2015 and staff began moving into the new building in August 2016.

Administration Files Lawsuit on Property Tax Levy

The Administration of Mayor Chris Beutler today asked the District Court to issue a writ of mandamus to require the City Council to set the property tax rate necessary to balance the lawfully adopted City budget. In August, Mayor Beutler vetoed a 2016-2018 budget passed by the City Council on a four-to-three vote. The City Council did not have five votes to override the Mayor's veto. The City Charter states that because the Council did not pass another budget in the time required by the Charter and City ordinance

Nebraska Affordable Housing Tax Credit – Program Update

LB 884 (the “Affordable Housing Tax Credit Act” or the “Act”), passed during the 2016 Nebraska Legislative Session, created the Nebraska Affordable Housing Tax Credit (“AHTC”). The Act directs that the AHTC be allocated and administered in a process essentially parallel to that applicable to the Federal Section 42 Low Income Housing Tax Credit (“LIHTC”). Pursuant to the Act, the Nebraska Investment Finance Authority (“NIFA”) is charged with the allocation of the AHTC. NIFA, by law, is directed to deploy the AHTC resource in coordination with the Nebraska Department of Revenue (the “Department of Revenue”) and the Governor’s Policy Research Office (the “Policy Research Office”).