$64M approved for expanding attainable housing in Nevada

LAS VEGAS (KSNV) — More than $64 million has been approved to expand attainable housing opportunities in Nevada, Gov. Joe Lombardo announced last week.

Funding comes from the Nevada Attainable Housing Account, which was created by AB 540 last year. Lombardo’s office says this money will spur the development of 358 for-sale homes and 1,208 multi-family apartments across the state.

That includes seven apartment, home and townhome complexes in Southern Nevada, totaling just over 1,000 units combined, according to the governor’s office.

The Nevada Attainable Housing Council also approved an additional $3 million for homeownership opportunities and more than $9 million in local government matching funds.

Lombardo said this funding will kickstart development and homeownership opportunities for low- and moderate-income families around the Silver State.

“I’ll continue working to cut red tape, advocate for more federal land, deliver housing assistance, and fight for hardworking Nevadans to realize their dream of a safe and secure place to call home,” the governor said in a statement.