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Find similar grantsAffordable Housing Construction Program (AHCP) is sponsored by Nebraska Department of Economic Development. The AHCP provides support for affordable housing recovery and housing resilience, including the construction of affordable housing that reduces flood vulnerabilities. It includes sub-programs for Multi-Family Rental (LIHTC), Small Rental (non-LIHTC), and Homeownership Production.
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Affordable Housing Construction Program - Nebraska Department of Economic Development Community Development Block Grant Disaster Recovery (CDBG-DR) / Technical Assistance / AHCP Affordable Housing Construction Program The Affordable Housing Construction Program (AHCP) focuses on providing support related to affordable housing recovery and housing resilience, including the construction of affordable housing that reduces flood vulnerabilities in areas the United States (US) Department of Housing and Urban Development (HUD) defined as Most Impacted and Distressed (MID) by the severe winter weather events of 2019 (Sarpy, Dodge, and Douglas counties).
This program prioritizes the Low- to Moderate-Income (LMI) households at or below 80% of the area median income (AMI) for the county in which the project is located. Under the AHCP, there are three (3) sub-programs: Multi-Family Rental (LIHTC), Small Rental (non-LIHTC), and the Homeownership Production Program. Stakeholders should navigate to the sub-program page for detailed information regarding program processes and requirements.
Available for affordable for-sale housing targeted primarily to LMI buyers. Financing includes funding for appraisal gaps and affordability gaps. Small Non-LIHTC Rental Production Available for affordable multi-family rental housing not otherwise seeking Low Income Housing Tax Credits (LIHTCs).
Financing includes gap or primary financing. Available for affordable multi-family housing simultaneously seeking a LIHTC award from Nebraska Investment Finance Authority (NIFA). Financing includes gap financing.
Developers of affordable rental housing including both for-profit and nonprofit entities; Units of local government (e.g., counties, cities, or villages); and Public Housing Authorities (PHAs). Frequently Asked Questions The State of Nebraska DR-4420 CDBG-DR Affordable Housing Construction Program Frequently Asked Questions (FAQs) guide contains answers to FAQs.
Questions and comments regarding CDBG-DR programs should be directed to the State of Nebraska's Department of Economic Development (DED) via email at ded. cdbgdr@nebraska. gov or by calling (800)-426-6505 .
According to the current listing, eligibility includes: Developers of affordable rental housing (for-profit and nonprofit), units of local government (counties, cities, villages), and Public Housing Authorities (PHAs). Confirm the full requirements in the official notice before applying.
Affordable Housing Construction Program (AHCP) is funded by Nebraska Department of Economic Development. Verify program details on the funder's official page before applying.
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