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Find similar grantsLow Income Housing Tax Credit (LIHTC) Pandemic Gap Funding Program is sponsored by Nebraska Investment Finance Authority (NIFA). Provides additional resources to developers of affordable housing units eligible for federal four and nine percent LIHTC programs, addressing funding gaps caused by COVID-19-related construction cost increases.
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Homebuyer Programs & Eligibility How to Apply for a NIFA Loan Find a Mortgage Loan Advisor Explore NIFA Participating Lenders Become a Participating Lender Targeted Census Tract Info Beginning Farmer/Ranchers Nebraska Beginning Farmer & Rancher Resources Developers & Property Managers Developers & Property Managers LIHTC & Neb AHTC Overview Community Collaboration Overview Home - Nebraska Investment Finance Authority Developers & Property Managers Developers & Property Managers Multi-Family Tax Exempt Bonds LIHTC & Neb AHTC Overview Qualified Contract Toolkit LIHTC Developments for Sale The Low Income Housing Tax Credit (LIHTC) was created in 1986 to promote the development of affordable rental housing for low income individuals and families.
It’s been the most successful rental housing production program in Nebraska, creating thousands of residences with very affordable rent. The LIHTC encourages the investment of private capital in rental housing development by providing a credit to offset an investor's federal income tax liability. There are two factors that influence the amount of credit a developer or investor may claim.
The first is the amount of qualified development costs incurred and the second is the number of low income units developed that meet the applicable federal requirements for both tenant income and rents. NIFA is designated as Nebraska's housing credit allocation agency and the LIHTC perfectly aligns with NIFA’s mission to grow Nebraska communities through housing.
Nebraska tax dollars are not used to accomplish this mission because NIFA is self-funding. In 2017, the Nebraska Legislature approved the Nebraska Affordable Housing Tax Credit (AHTC) that is equally matched with the federal LIHTC. NIFA is also designated as the entity to allocate the Nebraska AHTC.
View helpful forms and documents to submit applications, review guidelines for programs, etc. Learn how to apply for the Low Income Housing Tax Credit. Learn what happens from Conditional Reservation to final allocation of the Low-Income Housing Tax Credit. Review the LIHTC Compliance guidelines.
Innovation Expo Conference Homebuyer Programs & Eligibility How to Apply for a NIFA Loan Find a Mortgage Loan Advisor Explore NIFA Participating Lenders Become a Participating Lender NIFA's Beginning Farmer/Rancher Loan Program Nebraska Beginning Farmer & Rancher Resources Developers & Property Managers LIHTC & Neb AHTC Overview Community Collaboration Overview Strategic Housing Framework
According to the current listing, eligibility includes: Developers of affordable housing projects in Nebraska that received LIHTC awards in 2020 or 2021 and experienced funding gaps due to the COVID-19 pandemic. Confirm the full requirements in the official notice before applying.
Low Income Housing Tax Credit (LIHTC) Pandemic Gap Funding Program is funded by Nebraska Investment Finance Authority (NIFA). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Nebraska. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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