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NE LB850
Bill
Status
Introduced
1/8/2026
Primary Sponsor
John Cavanaugh
Click for details
AI Summary
- Expands the Local Option Municipal Economic Development Act to allow metropolitan class cities (Omaha) and primary class cities (Lincoln) to use economic development funds for housing construction or rehabilitation
- Removes the restriction that limited housing-related economic development programs to only first class cities, second class cities, and villages
- Permits housing development funding for low or moderate income housing, workforce housing plans, and affordable housing action plans in larger Nebraska cities
- Adds housing construction and rehabilitation businesses as qualifying businesses eligible for economic development assistance in metropolitan and primary class cities
- Amends sections 18-2705 and 18-2709 of Nebraska statutes to harmonize provisions across all city classifications for housing-related economic development
Legislative Description
Authorize the use of economic development programs for certain construction or rehabilitation of housing in cities of the metropolitan class and cities of the primary class under the Local Option Municipal Economic Development Act
Last Action
Placed on General File
2/12/2026
Committee Referrals
Urban Affairs1/12/2026
Full Bill Text
No bill text available