Beatrice Officials to Participate in SE Nebraska Housing Grant Application

BEATRICE – The City of Beatrice will apply for housing funds under new state legislation, working with the Southeast Nebraska Development District.

The city council Monday night voted 6-1 to allocate $200,000……money that can be matched by the Nebraska Investment Finance Authority and State Department of Economic Development.

Working through SENDD, the application will involve a handful of southeast Nebraska communities. City Administrator Tobias Tempelmeyer says the city’s contribution would come from a local economic development fund financed by the local sales tax.

:19                  “to the other”

LB 518 allocated about seven million dollars in support for development of workforce housing.   The money contributed by communities and the matching funds form a revolving loan fund.

Beatrice City Councilman Ted Fairbanks said he likes the concept, but could not vote for participation, based on some unanswered questions about it.

:17                  “our project is”

Councilman Bob Morgan sees the program as similar to a matching retirement program.

:09                  “good investment”

Officials pointed out that the project is only a grant application at this point with no guarantee of being awarded funding.

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