Nebraska2026Did Not Pass

LB1045

Nebraska Public Housing Preservation Trust Act

Last scannedAug 25, 2026, 3:18 AM

In one sentence

This bill creates a state trust to fund repairs and modernization for public housing while ensuring the properties remain publicly owned.

Creates the Nebraska Public Housing Preservation Trust as a public corporation to manage funding and major capital improvements.
Establishes a nine-member board of trustees appointed by the Governor, including residents, local agency staff, and community representatives.
Allows the trust to issue bonds and enter long-term ground leases up to 99 years to pay for fixing aging housing buildings while keeping public ownership.
Requires that agreements with local agencies include written certification that residents were meaningfully consulted before they are valid.
Caps rent at 30% of a household's income for developments undergoing preservation conversion and limits evictions to cases where there is just cause.

Residents living in public housing developments that join the trust program through an agreement with their local agency.
Local housing agencies that choose to sign agreements with the new state trust.
The nine-member board of trustees appointed by the Governor to run the trust.

The provided bill text ends abruptly, so full details on eviction appeal processes and other tenant protections are not included.
Local housing agencies must choose to sign an agreement with the trust; participation is voluntary for each agency.
Long-term ground leases cannot be transferred or assigned to private entities.

Plain language

Preservation conversion: A transfer of operational authority and financing from Section 9 funding to project-based Section 8 funding or successor streams through the trust.
Local housing agency: The organization that owns or operates a public housing development, as defined in state law section 71-1575.
Resident council: A democratically elected group representing residents of a specific housing development.

Official record

Source attached

Adopt the Nebraska Public Housing Preservation Trust Act

Official activity