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New grants seek to help Nevada homebuyers with down payments amid uncertain housing market

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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

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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.”

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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.

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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.

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Conservation groups oppose potential sale of federal lands highlighted in land mapping tool

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Conservation groups oppose potential sale of federal lands highlighted in land mapping tool


LAS VEGAS (FOX5) — Conservation groups are pushing back against a new state mapping tool that identifies federal lands potentially available for development in Nevada.

The governor’s office, in partnership with the Bureau of Land Management Nevada, unveiled the interactive map this week to make it easier to find federal land that may be available for development throughout the state and in the Las Vegas Valley.

“It is shocking to look at the map and see how many lands could potentially be sold off,” said Olivia Tanager, executive director of the Sierra Club Toiyabe Chapter.

Tanager said she was surprised at how many federal lands were identified for disposal when she first looked at the map.

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“Places like Red Rock and Sloan Canyon in Southern Nevada are what draw people to live in Southern Nevada. We cannot continue to develop right up onto the boundaries or perhaps even in these precious places,” Tanager said.

The conservation group says the mapping tool is the latest effort to treat Nevada’s public lands as a real estate inventory rather than a shared public resource.

“We know that a lot of these areas are environmentally sensitive. We know that there are endangered species on these lands,” Tanager said.

MORE ON FOX5: Nevada unveils interactive tool mapping federal lands available for possible development, other uses

Housing concerns

Lawmakers have proposed using federal lands to create more affordable housing. Several areas at the edges of the Vegas Valley have been identified for potential development on the mapping tool. Tanager said she does not see that as a viable solution.

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“The areas on the outskirts or far outside of existing urban areas are wholly inappropriate for affordable housing. Housing that is located that far away from services will never be truly affordable,” Tanager said. “As folks have to live further and further away from resources like schools and grocery stores, transportation costs go up substantially.”

The conservation group says the valley should fill in open lots and build upward within the existing urban core instead of building outward.

“We know that sprawl and developing on the outskirts of the valley worsens air quality as well from increased transportation,” Tanager said. “We know that sprawl is incredibly water-intensive. The further out you build, the harder it is to recapture that water.”

The Sierra Club Toiyabe Chapter says treating federal lands as disposable assets could set a dangerous precedent that accelerates privatization efforts and undermines the principle that public lands should remain in public hands for future generations.

Approximately 85% of Nevada’s total land area is owned by the federal government.

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The state says the tool is designed to bolster information sharing about federal lands. The mapping tool is available here.

Copyright 2026 KVVU. All rights reserved.



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WOW Carwash touts year-round water conservation with recycling tech in Southern Nevada

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WOW Carwash touts year-round water conservation with recycling tech in Southern Nevada


In the desert climate of Southern Nevada, WOW Carwash says it is working year-round to conserve water and reduce its environmental impact, using a combination of water-reclamation technology, biodegradable soaps and energy-efficient equipment.

The Las Vegas-born company says washing a car at home uses roughly 100 gallons of water. By comparison, WOW says it uses about 30 gallons per vehicle and reclaims up to 80% of the water.

WOW says its water-reclamation system exceeds typical local requirements. While local car washes are only required to have one sand and oil separator, WOW says it has four, along with a mud tank and UV filters designed to recycle water, reduce daily water use and ensure no solids are sent to the sewer system.

The company says all water from a WOW Carwash enters a 1,500-gallon mud tank underground at each location to begin separating soils from the water. From there, WOW says the water passes through a series of four sand and oil separators, where oils float to the surface, and soils sink to the bottom. WOW says the cleaned water is then pumped through UV and micron filters to remove remaining contaminants so it can be recycled and reused in the car wash.

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WOW also says it repurposes the dirt washed off vehicles. The company says its water-reclamation tanks are pumped regularly by licensed vacuum trucks to maintain efficiency, and what is pumped out is then utilized as fertilizer.

WOW says all cleaning agents used in its tunnel wash process are environmentally safe and biodegradable, and that the soaps are safe to the human touch and for a vehicle’s paint while still being tough on dirt. The company says the cleaning agents break down naturally, reducing harmful runoff that could otherwise flow into storm drains and local waterways.

To reduce its carbon footprint, WOW says it uses energy-efficient equipment, including Variable Frequency Drives that allow electric motors to “ramp down” when demand is low to reduce electricity use during operations.



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Will a new Nevada law to prevent heat deaths work? Planning is underway

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Will a new Nevada law to prevent heat deaths work? Planning is underway












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Las Vegas Valley governments are writing extreme heat into master plans. Will it prevent deaths? | Environment | News





















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