NE LB626

Adds "lack of affordable housing" as a qualifying condition for designating areas as substandard and blighted under Nebraska's Community Development Law, enabling tax increment financing (TIF) for redevelopment projects

Defines "affordable housing" to include workforce housing, housing for households earning less than 60% of county median income, and housing under Section 42 of the Internal Revenue Code (Low-Income Housing Tax Credit)

Creates a new qualifying criterion for blighted area designation: areas where less than 20% of housing is affordable housing

Expands authority to construct affordable housing in redevelopment projects to all municipalities (previously limited to rural communities and extremely blighted areas in non-rural municipalities)

Amends sections 18-2101.02, 18-2102, and 18-2103 of Nebraska statutes to incorporate these changes and harmonize definitions across the Community Development Law