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Sen. Bob Hallstrom urges $25M-a-year boost for Rural Workforce Housing Fund to meet unmet demand
Summary
Sen. Bob Hallstrom introduced LB254, a bill that would appropriate $25,000,000 to the Rural Workforce Housing Fund in each of the next two fiscal years, saying: “The lack of workforce housing across our state is a barrier to job growth, community development, and worker recruitment, and retention.”
Sen. Bob Hallstrom introduced LB254, a bill that would appropriate $25,000,000 to the Rural Workforce Housing Fund in each of the next two fiscal years, saying: “The lack of workforce housing across our state is a barrier to job growth, community development, and worker recruitment, and retention.”
That funding, Hallstrom said, is targeted at housing projects in counties with populations under 100,000 and is designed to help communities fund new owner-occupied homes (with maximums set in statute) and rental units that meet workforce needs.
Why it matters: proponents told the committee the program leverages matching funds and local philanthropic support and helps communities that otherwise cannot cover gaps between construction costs and appraised values. Department of…
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