LINCOLN —On Monday, senators advanced a bill to fund affordable housing efforts, LB1067. The bill will give a dedicated funding source to the Middle Income and Rural Workforce Housing Funds, funds managed by the Nebraska Department of Economic Development that provide matching grants to nonprofit developer via additional real estate closing costs placed on sellers. The Documentary Stamp Tax would increase from $2.32 to $3.32 per $1,000 in sales. The extra dollar would go to the funds. For sellers of a $300,000 home, it means they'd pay an additional $300 at closing.

State Sen. Bob Hallstrom introduced the bill. It originally called for a $1.50 increase in the tax for the funds. After a compromise amendment was accepted on Monday, it was reduced to the $1 increase and will expire after five years.

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