$66 Million Set Aside for Affordable Housing Project in Nevada’s Clark County amid Housing Crisis Woes

$66 Million Set Aside for Affordable Housing Project in Nevada's Clark County amid Housing Crisis Woes

Clark County is setting aside $66 million for projects that build cheap homes. Even more money is being set aside by Clark County to help solve the problem of affordable homes in the valley.

Over $66 million was passed by commissioners earlier this month to be used to build and fix up affordable housing units for people with low to very low incomes.

The most recent round of funds will go to nine projects that will build 1,273 units. Eight of those projects have promised to give at least 10% of their units to people in the neighborhood who make between $20,000 and $28,000 a year — the lowest-income people.

Together Living of Southern Nevada (CLSN) will build 390 units for families with very low incomes and 194 units for seniors.

In a joint effort between McCormack Baron Salazar, Inc. and the Southern Nevada Regional living Authority, a 192-unit project will offer low-cost living for seniors.

NRP Lone Star Development will build 105 homes so that families with 30% to 60% of the area median income can afford to live there.

For low-income seniors, 36 of the 35 homes in the Laughlin project will be set aside for them.
Ovation Development, which works with CLSN, says that they are working on two projects. In Las Vegas, one will be put somewhere near Bruner Avenue and S. Las Vegas Boulevard.

The second project will be built on Bureau of Land Management land in West Henderson, close to S. Las Vegas Boulevard and E. Larson Lane.

Alan Molasky, Chairman and founder of Ovation Development Corporation, said, “Every Ovation project begins with our commitment to the steadfast belief that everyone, regardless of income, deserves a quality home that helps to strengthen individuals, families and community. We are grateful for the trust put in us by Clark County and we do not take this responsibility lightly. This trust is a testament to the incredible work of the entire Ovation/CLSN team and the positive impact we continue to make in our community in our mission to help address Southern Nevada’s critical shortage of affordable housing.”

Ovation says they are working on seven more projects to build affordable homes. Officials from the company said that by 2028, they plan to add another 1,500 affordable homes for low-income people in Southern Nevada. These will be for families, seniors, and people who are working but can’t find reasonable housing.

The Welcome Home Program and the Clark County Community Housing Fund were made by the Board of County Commissioners in 2022. Since then, more than 36 housing projects in Southern Nevada have been given more than $200 million.

The National Low Income Housing Coalition says that Nevada does not have enough rental flats for people with very low incomes.

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