Change provisions of the Property Assessed Clean Energy Act, the Community Development Law, the Nebraska Affordable Housing Act, and the Middle Income Workforce Housing Investment Act
What changed between versions
All original sections related to the Middle Income Workforce Housing Investment Act were deleted, including provisions for workforce housing investment funds, eligible activities, and nonprofit development organizations.
New sections establish a Property Assessed Clean Energy Act framework allowing municipalities to create clean energy assessment districts for financing energy projects.
New definitions were added for clean energy assessment district, energy efficiency improvement, energy project, grid resiliency improvement, and energy efficiency related item.
Eligible activities now include energy efficiency improvements, renewable energy systems, and grid resiliency improvements rather than workforce housing construction and rehabilitation.
New requirements establish that municipalities can provide financing for energy projects in exchange for property owners agreeing to pay annual assessments for the project's useful life.