May 17, 2023 (0)
(LINCOLN, NEB.) – The Nebraska Department of Economic Development (DED) announced the recipients of $22,825,000 in awards through the 2022 round of Nebraska's Rural Workforce Housing Fund (RWHF).
Authorized by the Rural Workforce Housing Investment Act of 2017, the RWHF helps communities create quality, affordable housing to accommodate growth.
For the 2022 funding cycle, RWHF awards were available to eligible non-profit development organizations who supplied at least a 50 percent match (that is, 50 cents for every one dollar of RWHF funds awarded). In many cases, local financial institutions and employers partnered with the primary applicant in providing the local match. Combined, today's recipients contributed more than $12.1 million in matching funds.
DED administers the RWHF program on behalf of the State of Nebraska through a competitive application process. The department then partners with recipients to provide input regarding project design, development, and implementation.
“Growing rural Nebraska is a priority for our agency,” said DED Interim Director Joe Fox. “The RWHF supports job creation and helps attract residents to our rural communities through strategic investments in affordable, high-quality housing. We had an outstanding batch of applicants for this cycle of RWHF awards. Congratulations to the awardees!”
Today's awards were made possible by a general fund allocation authorized by the Nebraska Legislature in 2022.
Receiving awards from the area were:
The O'Neill Chamber of Commerce received a local match of $500,000 for a total RWHF Award of $1,000,000.
The Spencer Community Economic Development, Inc. received a local match of $350,00 for a total RWHF Award of $700,000.
The Neligh Chamber of Commerce received a local match of $255,000 for total RWHF Award of $510,000.
The North Central Development Center, covering Brown, Keya Paha & Rock Counties, received a local match of $163,500 for a total RWHF Award of $327,000.
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