Nebraska § 58-249 - Authority; low-income housing loans; establish funds.
Full text of Nebraska Revised Statutes of Nebraska § 58-249 — Authority; low-income housing loans; establish funds., with citation guidance and answers to common questions.
§ 58-249. Authority; low-income housing loans; establish funds.
The purpose of this section is to make loans available for single-family housing to people who due to low income would not otherwise qualify for loans under the normal lending practices of the lender and the authority.
In connection with any issuance of bonds in an aggregate principal amount of fifty million dollars or more for purposes of financing residential housing, the authority shall establish within such bond issue a fund of at least one million dollars to finance mortgages for low-income persons at an interest rate below the interest rate which otherwise applies to mortgages financed from such bond issue.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 58-249
What does Revised Statutes of Nebraska § 58-249 cover?
Section 58-249 ("Authority; low-income housing loans; establish funds.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 58-249?
A common citation format is "Revised Statutes of Nebraska § 58-249" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 58-249 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.