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LR 173

Interim study to investigate the financial and structural barriers impeding Nebraskans from attaining homeownership

109th Legislature (2025-2026) Introduced by Terrell McKinney

LR 173 orders an interim study by the Urban Affairs Committee to identify financial and structural barriers to Nebraska homeownership and explore policy solutions.

Notice of hearing for November 07, 2025
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Bill Summary · LR 173

Summary of LR 173: Interim Study on Barriers to Homeownership in Nebraska

Overview

  • Bill Number: LR 173
  • Title: Interim study to investigate the financial and structural barriers impeding Nebraskans from attaining homeownership
  • Type: Legislative Resolution (interim study)
  • Sponsor: McKinney (primary)
  • Session: 109th Legislature, First Session
  • Introduced: May 12, 2025
  • Status: Notice of hearing for November 7, 2025

Purpose and Scope

  • The resolution designates an interim study to identify and analyze financial and structural barriers that prevent Nebraskans from achieving homeownership.
  • Key barriers highlighted in the resolution include:
    • High down payments
    • Limited access to credit
    • Rising housing costs
    • Inadequate supply of affordable housing
  • The study will assess how these barriers affect economic mobility and will evaluate potential state or local policy solutions intended to expand homeownership opportunities across Nebraska.

Key Provisions

  • Designation of the Urban Affairs Committee to conduct the interim study.
  • The committee shall examine the listed barriers, their impact on economic mobility, and possible policy responses.
  • Upon completion, the committee must report its findings and recommendations to the Legislative Council or Legislature.

Procedural History and Timeline

  • May 12, 2025: Introduced and referred to the Executive Board.
  • May 19, 2025: Referred to the Urban Affairs Committee.
  • September 18, 2025: Notice of hearing issued for November 7, 2025.
  • November 7, 2025: Hearing date (as indicated by the notice).

Who Would Be Affected

  • Nebraskans considering or pursuing homeownership (including first-time buyers and middle-/working-class households).
  • Housing market participants (developers, landlords, and builders) and financial institutions (lenders, banks) involved in home financing.
  • Local governments and state policymakers exploring affordability, zoning, housing supply, and credit access policies.
  • Stakeholders involved in housing policy development and economic mobility initiatives.

Potential Impacts and Next Steps

  • No immediate policy changes are enacted; the bill initiates an investigative process.
  • Outcomes may inform future legislative proposals or program enhancements related to down payment assistance, credit access, housing supply and affordability, zoning and land-use reforms, and other housing-related policies.
  • The final report will include findings and recommendations to guide the Legislature or Legislative Council in addressing homeownership barriers.

If you’d like, I can tailor this summary to emphasize particular stakeholders (e.g., lenders, local governments) or compare LR 173 to similar interim studies in Nebraska.

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

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