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LB 626

Authorize redevelopment projects involving affordable housing under the Community Development Law

109th Legislature (2025-2026) Introduced by Robert Dover and 1 co-sponsor

Bill 5 SummaryMain Purpose: LB626 makes it possible to use Tax Increment Financing (TIF) for affordable housing projects. It also defines "affordable housing" for the purposes of t

Title printed. Carryover bill
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Bill Summary · LB 626

Bill 5 Summary

Main Purpose: LB626 makes it possible to use Tax Increment Financing (TIF) for affordable housing projects. It also defines "affordable housing" for the purposes of the Community Development Law.

Key Provisions:
- Allows the use of TIF to finance affordable housing redevelopment projects
- Provides a definition of "affordable housing" to be used in the Community Development Law

Affected Parties:
- Developers of affordable housing projects
- Local governments utilizing TIF for community redevelopment

Timeline/Procedure:
- Introduced on January 22, 2025
- Portions of LB626 were amended into LB288 by AM733

Compiled from official sources — confirm details with the bill’s official record.

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