Source link : https://las-vegas-news.com/133-million-fund-to-add-1600-affordable-units-in-southern-nevada/
Leaders discuss bringing more affordable housing to Southern Nevada – Image for illustrative purposes only (Image credits: Unsplash)
The Southern Nevada Regional Housing Authority has taken concrete steps to expand the supply of attainable homes in the region. The agency is channeling $133 million into the Nevada Attainable Housing Fund and moving forward with plans to develop more than 1,600 new units. Sen. Catherine Cortez Masto is simultaneously advancing federal legislation that would support additional construction and rental assistance programs.
Scale of the Regional Commitment
The $133 million allocation represents a direct investment aimed at increasing the number of homes available to residents who face rising costs. Funds will support both new construction and related efforts to make units attainable for local households. The authority expects the development pipeline to produce more than 1,600 units over the coming years.
These projects target areas where demand has outpaced supply for some time. By focusing resources on attainable housing, the authority seeks to create options that align with the incomes of many working families and individuals in Southern Nevada. The timeline for completion will depend on site selection, permitting, and construction schedules already under review.
Federal Legislation in Motion
Sen. Catherine Cortez Masto has introduced a bill designed to complement local efforts with broader support. The measure would provide additional…
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Publish date : 2026-05-08 00:47:00
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