The City and community partners have developed a comprehensive vision and plan to support affordable housing: Lincoln Affordable Housing Coordinated Action Plan
Tools and programs referenced in the Plan and used within our community include:
- Tax Increment Financing (TIF) reinvests property taxes created by a new project back into public improvements. In addition, TIF projects that include housing have affordability requirements.
- The City of Lincoln's Rental Rehabilitation Program that provides funding to improve affordable rental housing and includes an affordability guarantee
- Direct budget investments, highlighted on page 10 of the City of Lincoln budget
- Policy and regulatory updates
- Support of Low Income-Housing Tax-Credit (LIHTC) projects
- Partnership with Community Development Resources (CDR), a non-profit lending organization that provides funding for affordable housing projects
- Allocation of federal funds to rehabilitation income-qualified, owner-occupied housing
- Grants to support affordability to local agencies including NeighborWorks Lincoln, Habitat for Humanity and the League of Human Dignity
These are just some of the programs, tools, and community partners that are working to increase affordability within Lincoln.
The U.S. Department of Housing and Urban Development's website contains additional information on affordable housing including housing support programs and definitions, rental assistance, rent relief, homeownership, and more.