LINCOLN- The Nebraska Department of Economic Development is set to distribute over $12 million to fund 23 housing projects across the state through the Nebraska Affordable Housing Trust Fund. NeighborWorks is receiving just over $3 million of that total for two projects, while Habitat for Humanity and the Nebraska Housing Resource will receive $800,000 and $302,000 respectively.

The City of Milford and Village of Beaver Crossing are both receiving $287,000, while Blue Valley Community Action, which covers nine counties in the state, will receive $661,000. The 23 funded projects were chosen from 70 applicants requesting a total of $41 million, according to a press release from the Department of Economic Development.

The Affordable Housing Trust Fund was established by the Nebraska Legislature in 1996, and calls for a portion of the documentary stamp tax from real estate transactions to be transferred to the fund. In total, this year's round of funding will provide for the development of at least 264 housing units, which will include a mix of new home construction, construction of rental housing, rehabilitation of existing structures, and homebuyer assistance.

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