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”).