Change provisions of the Rural Workforce Housing Investment Act and the Middle Income Workforce Housing Investment Act

LB 819 amends Nebraska's Rural and Middle Income Workforce Housing Investment Acts to update key definitions and program rules. It specifically revises the cost limits for qualifying workforce housing: owner-occupied units must cost no more than $375,250 (adjusted annually for inflation), and rental units no more than $325,000. The bill also requires nonprofit developers applying for grants to provide 25% matching funds and caps annual grants at $5 million per organization over two years. These changes directly affect rural communities seeking housing development funding and nonprofit organizations managing workforce housing investment funds.