HOUSING

Owner-Occupied Rehabilitation

This program is based upon household income and household size.

Program Guidelines

  • Home must be owner-occupied to qualify

  • Home cannot be converted to rental property

  • Homeowner(s) must meet income guidelines

  • Loan falls due upon transfer of title of property (including forgivable loans)

  • Property cannot be located in a floodplain

  • Property must be located in the city limits of our service area

  • Property taxes must be paid current throughout the duration of the loan term

  • Homeowner’s insurance must be maintained throughout the duration of the loan term

Program Goals

  • Reduce monthly utility costs

  • Improve energy performance in conjunction with the rehabilitation project

  • Minimize ongoing maintenance for homeowners

  • Preserve the housing unit

  • Add to the quality of living

English Brochure

Spanish Brochure

Application Process

1

Northeast Economic Development, Inc. Nebraska Affordable Housing Trust Funds Direct Homebuyer Assistance Program Guidelines can be found  here.

2

Contact NENEDD staff for a Direct Homebuyer Assistance application or download the pre-application here.

3

Income verification of household gross income is required and will be conducted upon receipt of completed application and requested documents. Pre-approval is required from a primary lender.

4

The Board of Directors will approve or deny all Direct Homebuyer Assistance applications. Their determination is final. A subordinated lien will be placed upon the property in second position behind the primary lender.

Eligibility

The housing unit to be purchased must be located within the city limits of one of these counties:

  • Antelope

  • Boone

  • Burt

  • Cedar

  • Colfax

  • Cuming

  • Dixon

  • Dodge

  • Knox

  • Madison

  • Nance

  • Pierce

  • Platte

  • Stanton

  • Thurston

  • Wayne

Eligibility for the program is determined by family size and household income, and varies by county in which they receive assistance.

Applicants for assistance shall not currently own or have any interest in other real property at the time of application.

The purchase price limit of any one existing property is $322,000 for all of the counties listed above, with the exception of Platte County ($331,100). The purchase price limit for any newly constructed (never lived in) property is $429,800 for all counties listed above, with the exception of Platte County ($432,600).

No property or any portion assisted through this program may be retained for rental purposes. Existing residential property to be purchased can not be occupied by another renter.

The property will be maintained as the owners primary residence throughout the duration of the loan.

Eligible Improvements

Foundations
Sagging or rotten beams, joists, columns
Stairs or porches
Roofs or chimneys
Floors
NED, Inc. Owner-Occupied Rehabilitation Program Guidelines
Owner-Occupied Housing Rehabilitation Pre-Application

Energy Conservation/ Weatherproofing

Ceiling & wall insulation
Window & door repair/replacement
Caulking & weather-stripping
Storm window & door installation
Roof covering removal & installation
Siding & trim painting or replacement

Modernization

Plumbing & plumbing fixtures
Furnace & water heaters
Air conditioning
Lighting & wiring

Interior Renewal

Walls, ceiling & floors repairs
Painting & paneling
Room rearrangement
Additions to alleviate overcrowded conditions