During the meeting, the board approved revisions to the NED, Inc. HOME Owner Occupied Rehabilitation (OOR) Reuse Program Guidelines and the NED, Inc. Nebraska Affordable Housing Trust Fund (NAHTF) OOR Reuse Program Guidelines.
The Nebraska Department of Economic Development recommends that program guidelines be reviewed annually and are required to include all items listed on a checklist they provide. One revision has been made to the most recent NED, Inc. HOME OOR guidelines. It is: NED, Inc. combined HOME and NAHTF guidelines divided into separate guidelines due to changes within NAHTF program only.
Three revisions were made to the NAHTF OOR guidelines. They are: 1: NED, Inc. combined HOME and NAHTF guidelines divided into separate guidelines; 2: Increase from $25,000 to $40,000 per unit in NAHTF dollars; 3: Cost of rehabilitation not to exceed increased proportionately from $25 per square foot of floor space to $35 per square foot of floor space as a guide when determining project feasibility.
The NED, Inc. and NENEDD Board of Directors will hold their next regular meetings on Wednesday, May 25, 2022. The NED, Inc. meeting will start at 7 p.m. and NENEDD at 7:15 p.m., or following the NED, Inc. meeting. The agendas will be posted on the website on Monday, May 23, 2022, after 5 p.m. The meetings will be held at the City of Norfolk Offices — Training Room, 309 N. 5th St., Norfolk, NE 68701.