All Roll Calls
Yes: 303 • No: 0
NebraskaLB768109th Legislature 1st and 2nd SessionslegislatureWALLET
Provide powers for the Nebraska Investment Finance Authority and change provisions relating to the Nebraska Affordable Housing Act, the Rural Workforce Housing Investment Act, and the Middle Income Workforce Housing Investment Act
Sponsored By: Robert Dover
Signed by Governor
Banking, Commerce and Insurance Committee
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
5 provisions identified: 2 benefits, 0 costs, 3 mixed.
Rent-to-own savings and housing value limits
For rent-to-own units, at least $50 of monthly rent goes into an interest-bearing account for the tenant while they live there. When the lease ends, the money helps with a down payment and closing costs; if the tenant does not buy, it moves to a project reserve. The lease must offer a purchase option at fair market value after at least one year, and tenants can end the lease with 30 days’ notice if they buy a home. Workforce housing includes owner-occupied or rent-to-own homes with after-construction value or cost between $125,000 and $375,000, updated yearly by the Producer Price Index. A rehab qualifies if the rehab cost is over 25% of the before-construction assessed value and the after-construction appraised value of the building is $125,000–$300,000.
New cash and reporting rules for housing trust awards
The Department pays 80% of an award at approval and 20% at completion. Funds sit in an interest-bearing escrow and are released only with invoices and partial lien releases. Starting October 1, 2025, recipients file quarterly use-of-funds reports; starting July 1, 2027, they file annual reports on balances, obligations, and repayments. The Department can demand itemized proof, recapture unused money and interest, take back the share tied to unbuilt units, and recapture homebuyer aid from sale proceeds; noncompliance can lead to disqualification or a bar of up to 24 months. Application windows are at least 60 days. The law also clarifies funding sources for the Trust Fund and lets the Department use agents or other governments, with rules made in consultation with the state housing finance authority.
New rules and timeline for middle-income housing grants
The state awards middle-income workforce housing grants competitively through FY 2031-32 while funds last. Applicants must provide matches: at least 50% for awards before July 19, 2024, and 25% for awards on or after that date. A nonprofit can receive up to $10,000,000 over any two-year period and cannot get another grant until it has spent at least 50% of prior funds. If no qualified activity starts within 24 months, the grant must be returned. The department may hire a statewide nonprofit or state instrumentality to help run the program, and funds can use guarantees and loan participations. Funds must keep an active board, meet quarterly, use repayments for projects, and get an annual CPA audit. A dedicated subaccount supports Economic Recovery Act housing and land prep. Starting July 1, 2032, remaining fund balances and unallocated funds after a nonprofit stops go to the General Fund; before that date, unallocated funds return to the housing fund.
Housing finance authority tools and transparency
The state housing finance authority can create, own, and invest in nonprofit entities and transfer assets to them. Those entities’ debts are not the authority’s unless it agrees. When the authority runs a program with public funds for a state agency, it must record revenues, balances, spending, awards, and schedules of uses and share system access with the agency, the Legislative Fiscal Analyst, and the budget administrator. This applies only to public-funded programs and records the authority has.
Old housing statutes repealed and replaced
The law repeals several older housing-related statutes listed in the act. This cleanup removes overlapping sections and aligns housing program rules in one place.
Sponsors & Cosponsors
Sponsor
Robert Dover
Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
legislature vote • 4/9/2026
Final Reading
Yes: 49 • No: 0
legislature vote • 3/6/2026
Vote
Yes: 40 • No: 0 • Other: 9
legislature vote • 3/6/2026
Vote
Yes: 36 • No: 0 • Other: 13
legislature vote • 3/6/2026
Vote
Yes: 35 • No: 0 • Other: 14
legislature vote • 3/6/2026
Vote
Yes: 36 • No: 0 • Other: 13
legislature vote • Unknown
Vote
Yes: 36 • No: 0 • Other: 13
legislature vote • Unknown
Vote
Yes: 35 • No: 0 • Other: 14
legislature vote • Unknown
Vote
Yes: 36 • No: 0 • Other: 13
Actions Timeline
Provisions/portions of LB1246 amended into LB768 by AM2364
4/17/2026legislatureProvisions/portions of LB819 amended into LB768 by AM2492
4/17/2026legislatureApproved by Governor on April 14, 2026
4/14/2026legislaturePresented to Governor on April 10, 2026
4/10/2026legislaturePresident/Speaker signed
4/10/2026legislaturePassed on Final Reading 49-0-0
4/9/2026legislatureDispensing of reading at large approved
4/9/2026legislaturePlaced on Final Reading
3/25/2026legislatureAdvanced to Enrollment and Review for Engrossment
3/18/2026legislatureKauth FA397 withdrawn
3/18/2026legislatureEnrollment and Review ER145 adopted
3/18/2026legislatureEnrollment and Review ER145 filed
3/17/2026legislaturePlaced on Select File with ER145
3/17/2026legislatureAdvanced to Enrollment and Review Initial
3/6/2026legislatureBanking, Commerce and Insurance AM2364 adopted
3/6/2026legislatureHallstrom AM2492 adopted
3/6/2026legislatureHallstrom AM2492 to AM2364 filed
3/6/2026legislatureDover AM2388 adopted
3/6/2026legislatureDover AM2388 to AM2364 filed
3/5/2026legislatureBanking, Commerce and Insurance AM2364 filed
3/3/2026legislaturePlaced on General File with AM2364
3/3/2026legislatureDover priority bill
2/19/2026legislatureNotice of hearing for February 17, 2026
1/23/2026legislatureReferred to Banking, Commerce and Insurance Committee
1/9/2026legislatureKauth FA397 filed
1/8/2026legislature
Bill Text
Introduced
1/7/2026
Enrolled / Slip Law
Final / Enacted
Related Bills
LB759, Change fees and funding for solid waste management, water wells, livestock regulation, hazardous waste management, clean water regulation, and litter reduction and recycling, change membership of a board, provide penalties and enforcement provisions for geologic storage of carbon dioxide, provide for entry upon property for the Perkins County Canal, correct references to and change jurisdiction of the Department of Water, Energy, and Environment, and require local governments to regulate operation of swimming pools, recreation camps, and mobile home parks
LB762, Require insurance coverage of pediatric autoimmune disorders
LB781, Adopt updates to federal law relating to motor vehicles and motor carriers and change civil penalties against certain motor carriers
LB653, Change provisions relating to acceptance of students under the enrollment option program and discipline of students under the Student Discipline Act
LB596, Change requirements for legal publications and notices required by law, provisions of the Open Meetings Act, county inventories, warrants, and discharge records, storage requirements for certain records, petitions to change names, marriage license and record fees, reports of abandoned property, and the Nebraska Hall of Fame and eliminate a penalty for certain public officials and provisions relating to the registration of farm, ranch, or home names
LB525, Adopt the Agricultural Data Privacy Act and the Conversational Artificial Intelligence Safety Act