Nevada
New grants seek to help Nevada homebuyers with down payments amid uncertain housing market
LAS VEGAS (KTNV) — Many prospective homebuyers feel like they’ve been priced out of Southern Nevada’s real estate market, with prices continuing to escalate–the median home price in Las Vegas is currently almost half a million dollars.
Owning a home is still a part of the American Dream, though, and a new investment in Nevada is hoping to make it easier for people to purchase a house.
The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) recently announced a $10 million investment into Nevada’s affordable housing system, which will provide up to $50,000 grants to help homebuyers–especially first-time homebuyers–with their down payments.
WATCH: Channel 13’s Guy Tannenbaum talks to mortgage brokers and realtors about grants for homebuyers
New grants seek to help Nevada homebuyers with down payments amid uncertain housing market
In a statement released Monday, Nevada Governor Joe Lombardo said: “Attainable homeownership for all Nevadans is one of my highest priorities and we can’t do this alone. The partnership and commitment of FHLBank San Francisco through this investment will give stability to many of Nevada’s essential workers.”
“When I got the call about [the grants], I was excited,” said Maya Diaz. “Based on how the market is, it just helps with people maybe being able to qualify for more.”
Jeff Newbury is Senior Vice President of Mortgage Lending at Greater Nevada Mortgage, one of the lenders distributing the grants. He calls any home buying assistance transformational, especially amid so much market uneasiness.
“For a middle-income family, that is a massive, massive boost, because housing can positively contribute into so many other areas,” Newbury said. “When people put roots down, they tend to build strong communities. I think that’s what you see with this program, first-time homebuyers and working families getting into this opportunity, and building roots in our communities.”
So, how do you qualify? You have to make between 80.01% and 140% of the median income in your area.
According to the U.S. Department of Housing and Urban Development (HUD), the median family income in Clark County is $87,800. That means if your family makes between just over $70,200 and $122,290 per year, you can qualify for these grants.
And, because they’re grants, that means buyers don’t have to pay them back, which real estate agents and mortgage brokers can be a huge benefit for people on the market.
However, local mortgage broker Reynaldo Herrera thinks the tight requirements for these new grants might get people’s hopes up who don’t qualify, especially in a climate where buyers are looking for any help they can get.
“This is just my opinion, to me, it’s as equivalent as going to a casino and trying to win a jackpot,” Herrera said. “A very limited number of people are going to access that capital, but for those limited people, it’s going to be huge.”
Diaz, the local Realtor, is more optimistic though, and says even if you’re not sure if you qualify for these grants, it doesn’t hurt to ask your real estate agent or your mortgage broker.
“I think it is going to help a lot of people,” Diaz said. “I’ve already reached out to three of my clients who’ve been waiting, as soon as I mentioned the grant, they were like, wait a minute I think my sister wants to buy and they were saying a bunch of people might want to buy.”
For more information on the new grants, click here to read the full press release from Nevada Governor Joe Lombardo’s office.
Nevada
California Gov. Gavin Newsom speaks to Nevada Democrats in Las Vegas
California Gov. Gavin Newsom addressed Nevada Democrats who packed a Las Vegas brewery Wednesday evening for a discussion about his upbringing, his political life and efforts his state has taken to combat the Trump administration agenda.
Newsom, who has been floated as a possible White House contender for 2028, sidestepped a quip from former Nevada Gov. Steve Sisolak who introduced him as the next U.S. president amid cheers from the crowd.
“I’m very grateful for your friendship, and a friendship that’s only strengthened over the course of the last year or so,” Newsom told Sisolak.
Book tour stop
The event, which served as a book tour stop for the California governor, was organized by the Nevada Democratic Party. It took place at Nevada Brew Works near Summerlin.
Nevada Assemblymember Daniele Monroe-Moreno, the state party chair running for North Las Vegas mayor, moderated the discussion.
It was part of the party’s Local Brews + National Views series that’s been bringing Democrats for similar discussions at intimate venues. Past speakers have included former President Joe Biden, Arizona U.S. Sen. Mark Kelly, and Illinois Gov. JB Pritzker.
Criticizing President Donald Trump, Newsom spoke about the immediate aftermath of the 2024 general election.
“We were handwringing, a lot of finger pointing, and a sense of weakness,” Newsom said. “And just incapable of dealing with this moment, this existential moment.”
He said he is taking account for what he described as his own complicity.
“This happened on my watch. This is all happening on our watch,” Newsom said. “And so I realized that I needed to be better.”
That included his advocacy to redraw California’s Congressional map after Trump called for the same in Texas, he said.
“They’re not screwing around, nor are we,” he said about Trump and his administration. “All of us.”
‘You’re giving us a voice’
Newsom spoke out against the surge of federal immigration enforcement operations in California and later Minnesota, calls from the Trump administration to nationalize elections, and cuts to government funding due to the One, Big, Beautiful Bill Act.
He said that pushback against Trump’s policies, including dozens of lawsuits filed by California, were making the president retreat on some of his proposals and policies.
“You’re filling the void, you’re giving us a voice, you’re giving us courage,” he told the crowd. “For things to change, we have to change. And it’s changing.”
The Republican National Committee reacted to Newsom’s Las Vegas visit. Earlier in the day, Newsom attended a private Boulder City event.
“Democrats are selling out to the spoiled, phony rich kid governor from California for years,” RNC spokesperson Nick Poche wrote in a statement. “President Donald Trump and Republicans are delivering major tax cuts and keeping Nevadans safe, unlike Democrats.”
The national Republican Party also criticized California’s policies, and tied them back to Nevada Democrats.
Most of Newsom’s remarks weren’t specific to Nevada. He didn’t take any questions from media.
Polling shows Newsom and Vice President JD Vance leading in hypothetical races for their parties’ nomination. That includes a survey of likely Nevada voters conducted one by Emerson College Polling in November.
Contact Ricardo Torres-Cortez at rtorres@reviewjournal.com. The Associated Press contributed to this report.
Nevada
Second annual Nevada Nordic Freeheel Festival celebrates Tahoe winter recreation at SnowFest
INCLINE VILLAGE, Nev. – It’s time to “free your heels” and embrace Tahoe’s winter recreation at the Nevada Nordic Freeheel Festival on March 7. Whether you’re a seasoned pro at cross-country skiing or snowshoeing, or you’re trying to get your feet wet, Saturday’s event is teeming with nature, brews, and camaraderie.
Travel North Tahoe Nevada (TNTNV) is teaming up with Nevada Nordic, Tahoe Multisport, Alibi Ale Works, UC Davis Tahoe Environmental Research Center, Nevada Division of Outdoor Recreation and other local partners in the wondrous Tahoe Meadows, providing attendees a chance to engage with outdoor recreation experts, check out free cross-country and snowshoe rentals, and more.
“We’re excited to see the Nevada Nordic Freeheel Festival enter its second year, building on last year’s strong community response. In collaboration with our local partners, this event is thoughtfully curated with residents in mind – offering free equipment for the day, expert instruction, locally crafted brews, and other experiences in a welcoming setting,” said Andy Chapman, President and CEO of Travel North Tahoe Nevada. “It’s designed to make it easy for residents to get outside, try something new, and bring people together. Events like this reflect the spirit of North Lake Tahoe and what’s possible when our community comes together.”
Along with opportunities to test out free demos and rentals, there will be live music, beer tasting and races.
Tahoe Meadows is known for its gentle trails, and is a popular spot for snowshoeing due to its flat terrain. This event, located near Chickadee Ridge, will offer stunning views of the surrounding mountains.
This family-friendly event is on the second to last day of the 10-day SnowFest winter festival that’s been taking place in the North Lake Tahoe area. It starts bright and early at 9 a.m. and will close out at 2 p.m.
“Nevada Nordic is thrilled to be a part of SnowFest again this year,” said Meghan Pry, Nevada Nordic Board Member. “We love sharing our passion for cross-country skiing and watching our community grow. We are proud to keep winter recreation accessible by offering free access to our 20km trail network. This is the perfect opportunity for our community to gather together and free our heels!”
For more information about the Nevada Nordic Freeheel Festival or to check out the SnowFest schedule, visit tahoesnowfest.org.
Nevada
Earthquake swarm rattles central Nevada near Tonopah along newly identified fault
A swarm of earthquakes has been rattling a remote stretch of central Nevada near Tonopah, including a magnitude 4.0 quake that hit near Warm Springs Tuesday morning.
Seismologists said the activity is typical for Nevada, where clusters of earthquakes can flare up in a concentrated area. “This is a very Nevada-style earthquake sequence. We have these a lot where we just see an uptick in activity in a certain spot,” said Christie Rowe, director of the Nevada Seismological Lab.
The latest magnitude 4.0 quake struck east of Tonopah near Warm Springs. The largest earthquake in the swarm so far has measured a 4.2.
What has stood out to researchers is the fault involved. Rowe said the earthquakes are occurring along a fault stretching along the southern edge of the Monitor and Antelope ranges — and that it was previously unknown to scientists. “We didn’t know this fault was there. It’s a new fault to us — not to the Earth, obviously — but it was previously unknown,” Rowe said.
For now, the earthquakes have remained moderate. Rowe said the lab would not deploy additional temporary sensors unless activity increases to around a magnitude 5 or greater.
Seismologists said they are continuing to watch the swarm closely as Nevada works to bring the ShakeAlert early warning system to the state. The program, already active in neighboring states, can send cellphone alerts seconds before shaking arrives. “For me, it’s a really high priority. That distance to the faults gives us enough time to warn people — and that can make a big difference in reducing injuries and damage,” Rowe said.
Seismologists encouraged anyone who feels shaking to report it through the U.S. Geological Survey’s “Did You Feel It” system, saying even small quakes can help scientists better understand Nevada’s seismic activity.
Experts said the swarm is worth monitoring but is not cause for alarm. They noted that earthquakes like the 5.8 that hit near Yerington in December 2024 typically happen in Nevada about every eight to 10 years, and said they will continue monitoring the current activity closely.
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