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Las Vegas, NV 89193-7801
Within a 7-day period, our state and Governor announced commitments totaling more than $800 million for affordable housing in Nevada – the largest single investment in affordable housing in Nevada history. It takes more than money, but these resources are critical components to, not only a successful recovery, but a more equitable and prosperous future for so many Nevadans.
Wednesday, February 23rd, at a special State of the State, Governor Sisolak announced the new “Home Means Nevada” initiative, a $500 million commitment to lower the cost of housing, help people stay in their homes and create good-paying jobs. You can check out more details at Nevada Recovers, On the Move HERE. This is a comprehensive investment addressing affordable housing multifamily developments, preserving affordable housing, homeownership and land. Thank you! This commitment is consistent with the recommendation by the Nevada Housing Coalition that was developed with input and feedback from nearly 70 stakeholders across the state, representing nonprofit and private developers, private finance, community service providers, advocates, public agencies and local government.
Last week, on February 16, the State of Nevada announced an historic allocation in affordable housing, committing $300.7 million (87%) of Nevada’s 2021 tax-exempt bonding authority for the development of affordable housing projects across the state. This is the highest amount ever set aside for affordable housing development since the program began. Read the full Press Release HERE.
Such an exciting time for affordable housing, and this is just the beginning. Our state has made an out-loud and meaningful decision to advance affordable housing. The thousands of units we will add just from these commitments alone will increase our inventory and serve more hard-working Nevadan families, our most vulnerable Nevadans, and households across the affordable housing spectrum.
A special thanks goes out to our congressional delegates for these critical resources and for the hard work they do for all Nevadans everyday in DC.
The Nevada Housing Coalition is committed to supporting all of our partners – our state, local governments, nonprofit and private builders and developers, community service providers, and housing authorities – as we all work to move the needle on our affordable housing inventory to ensure housing options for all Nevadans.
Home Means Nevada.
This year, we’re introducing a new feature to our Newsletter: the Member Spotlight! Each issue will feature information on a few members such as their mission, an interesting fact, or what they hope to see from the Coalition this year.
Watch our very first Member Spotlight videos below by clicking the “play” buttons. You can also view the corresponding slides by clicking on the “Learn More” buttons.
Affordable Housing in Nevada: Research, Data & Analysis…Oh My!
Wednesday, March 23
12:00 – 12:45pm
Strategic solutions for affordable housing depend on a solid understanding of the current landscape. Join the Nevada Housing Coalition (NHC) for an overview of the Nevada Housing Division’s Annual Housing Progress Report. Get the inside perspective from Betsy Fadali, Economist III for the Nevada Housing Division.
We will also hear from the research team at the National Low Income Housing Coalition (NLIHC) on how Nevada affordable housing compares with other states with an emphasis on their annual Gap Report. The NLIHC GAP report measures the availability of rental housing affordable to extremely low-income households and other income groups.
Have you visited the Resources page of our new website? We’ve selected reports, research and data from trusted partners to bring you easy access to National and Nevada-specific information. Visit often as we’ll be updating it frequently to bring you the most timely information in the affordable housing sector.
In case you missed it, we just released our comprehensive and informative toolkit: Nevada Affordable Housing 101. Click the video to the left to watch the announcement, and check out our latest Nevada and National Resources below.
The Golden Rule Project Breaks Ground
Last Thursday, Neighborhood Housing Services Southern Nevada (NHSSN) broke ground on their Golden Rule Project. This is their first development dedicated to our vulnerable senior population: those on a fixed income and those with no income at all. Special guests joined Michelle Merced, CEO/President of NHSSN, to thank all involved in this long awaited project.
Top: Michelle Merced, CEO/President of NHSSN, opens the Groundbreaking Ceremony; Héctor Lizaola of Senator Corez Masto’s office presents a certificate to Dr. Hilary Lopez of Praxis Consulting
Bottom: Officially breaking ground on the Golden Rule Project
City of Las Vegas Designates $23M to Affordable Housing
The City of Las Vegas has designated 20% of their Fiscal Recover Funds ($23M) for affordable housing. Congrats to the following NHC Members who received funds for their proposals:
Read the complete ARPA Overall Application Assessment HERE.
FHLBank San Francisco 2022 Affordable Housing Program
The Federal Home Loan Bank of San Francisco is now accepting applications for their 2022 Affordable Housing Program (AHP) General Fund. With a mission of expanding access to housing and providing resources that shape strong communities, the AHP General Fund competition helps to create rental and homeownership opportunities for lower-income families and individuals. The deadline to request a project application workspace is March 3, 2022, and the deadline to submit an application for funding is March 10, 2022.
Do You Have an Announcement?
If you’re an active member of NHC and have an announcement to share in an upcoming Newsletter, please contact firstname.lastname@example.org.
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