PIERCE – A northeast Nebraska county in the third congressional district has been named one of six recipients for disaster recovery housing funds.
According to a release from the Department of Economic Development (DED), three million dollars was made available under a special disaster recovery allocation of the Nebraska Affordable Housing Trust Fund (NAHTF).
In response to the March floods, Governor Pete Ricketts directed State departments to strategize for the deployment of resources and programs to assist affected areas. DED then identified housing as a main priority area for the state’s economic and physical recovery.
As the March waters began to recede, DED proposed an amendment to its 2019 NAHTF Qualified Allocation Plan to allocate up to $3,005,000 from the NAHTF for disaster recovery housing projects. The amendment was finalized after a 14-day public comment period and eligible applicants were given until July 31 to submit applications.
Ultimately, DED received six applications for assistance, with three submitted from Congressional District 1 and three from Congressional District 3. All six were selected for award at the amount of $500,000, for a total of $3 million.
The three congressional district three recipients were the Village of Lynch, Pierce County and City of Wood River while congressional district one recipients were Growing Regional Economic Activity Today (Nebraska City Area), Greater Fremont Development Foundation and City of Peru.
Recipients will use their funding to support a wide array of housing recovery efforts. Planned projects span from demolishing and rebuilding homes outside the floodplain to rehabilitating homes, building new units and assisting families with down payments on new homes. All of the projects will benefit homeowners and renters at or below 120% of the area median income.