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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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Nevada SPCA brings adoptable pet to spotlight on Furever Home Friday

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Nevada SPCA brings adoptable pet to spotlight on Furever Home Friday


Gov. Sisolak, health officials urge those who can help to join Battle Born Medical Corps

Nevada Governor Steve Sisolak along with the state health officials urged Nevadas to those who can help to join Battle Born Medical Corps. Nevada Department of Health and Human Services and the Nevada Health Response Center joined to call on health care providers and health care administrations to assist in the state’s COVID-19 pandemic response. Gov.



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Nevada’s unwritten rules (and what we wish the unwritten rules were)

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Nevada’s unwritten rules (and what we wish the unwritten rules were)


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There’s a debate over on Reddit right now about how dogs should be kept on leashes around town, on trails, or anywhere in public that’s not a dog park.

I should clarify: When I say “debate,” I mean that several users have created posts about how dogs should be kept on leashes, and almost every response is 100% in agreement.

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Go ahead and look at the posts; nobody’s putting together a spirited defense of letting their pets run around licking strangers and pooping on nature. With that kind of general consensus, I’d want to say that leashing our dogs is one of Reno-Sparks’ “unwritten rules.”

Except for two things: One, this rule is very much written (see Chapter 95.220 of the Washoe County Code: “Owners must have animals leashed no more than 6 feet in length and under immediate control at all times.”)

And also: The phrase “unwritten rules” implies that everyone goes along with it without even thinking. But we’ve all interacted with dog owners on local trails, letting their giant furballs knock over toddlers or chase goslings through the wetlands.

“Aw, he’s just a big puppy!” they’ll say, followed up with a halfhearted, “Down, Barnaby.”

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Clearly, leashing dogs is not an unwritten rule because it’s constantly being broken. A true unwritten rule for hiking trails would be something that rarely ever gets broken, like “wear pants at all times.” Really, the leash thing is more like a wish list for society, alongside such things as:

  • Don’t mow before 8 a.m.
  • Signal your turns and lane changes.
  • Merge when you see a lane closure ahead, not at the last minute. (Yes, make all your arguments about how last-minute merging saves space. It all amounts to “I’m going to cut ahead of everyone else and pretend that it’s for the greater good.”)
  • If you’re driving a large vehicle, park at the far end of the lot.
  • Several more things about driving, actually.

But let’s move on. I’ve been wracking my brain to think of actual “unwritten rules” for Northern Nevada that outsiders might not grasp right away, and I didn’t come up with many. But here goes:

It’s not rude to keep your favorite spots a secret, even from friends and family: Got a favorite local park or Lake Tahoe beach? You’re not even required to tell your own mother about it, because word will get out and everything will be ruined. We value our personal space, and the community is too small to keep anything under wraps.

Side note: You can’t do this with businesses, because you need your burrito spot to stay crowded and busy. If nobody goes to your secret hot springs, it’s not going to suddenly go out of business and turn into a vape shop.

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On Tahoe beaches, you can claim one beach towel’s worth of space per person, and that’s it: If word gets out about your favorite beach, you’ll have to start your day battling for a parking spot (bonus unwritten rule: You can’t reserve a parking spot by standing in it.)

The slightly less annoying ― but still difficult ― territory battle will be on the beach itself. Everyone but you will have a pop-up tent, several coolers and some sort of sound system. But societal convention dictates that any group can only claim the square footage of one beach towel per person, and leave ample space to walk between their beach site and the next one over.

Twenty minutes is a long drive in Reno-Sparks, but four hours is completely reasonable if you’re heading out of town: Recent transplants from more urban places like the Bay Area or Las Vegas will drive for 45 minutes to get to the one Target they like best. Around here, that sounds like hell.

On the other hand, driving for several hours to go see ichthyosaur skeletons or attend a Basque festival or go to a Giants game is completely reasonable. I can’t explain why this is. It might have something to do with hatred of stoplights.

Settle in a bit before complaining about outsiders: Yes, we know you just got here, and you want to prove your worthiness by complaining about Californians or Southern Nevadans, because that’s our local sport.

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On average, we’re not nearly as closed off as people say; only about one-quarter of Nevadans were actually born here, so most of us know what it’s like to be the new kid. But at least wait until you’ve unloaded the last box from your U-Haul before you start griping about how new arrivals are pricing everyone out.

You, on the other hand ― you, the person reading this article right now! ― know a lot more unwritten rules for Northern Nevada. Either that, or you have ideas on what should be unwritten rules. Send them my way at bmcginness@rgj.com, and we’ll debate all of them next week.

Guys, we’re bringing back Shopko

What lost places in Reno-Sparks should we bring back? That’s the question I posed last week; here’s what you said:

Let’s start with department store ShopKo, which had the highly underrated slogan, “Say hello to a good buy.” We had three ― on South Virginia, Mae Anne and Oddie Boulevard. Lauri Ferguson wrote in to compliment the selection, and noted “their products lasted too.” Sadly, the entire chain disappeared nearly a decade ago, so bringing them back might be the heaviest lift ever.

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“Bring back Famous Murphy’s,” wrote E. Pollard. “Can’t believe it ever closed and was then bulldozed and has been an empty dirt lot for more than 25 years.”

For the record, it’s actually been 18 years since it closed and 11 years since it was bulldozed, but the point stands.

“The purpose of the demolition is to make way for a new development being planned at this site,” developers told the RGJ in 2015. Anyway, it’s still an empty lot.

And finally, I had lamented over the lost Century Theaters dome on South Virginia, but Kurt Kinder mentioned one even more venerable, but equally lost: the Granada Theater, which originally opened in 1916, burned down in 1953 and reopened in 1954. It was torn down in 1997 and is now the site of the Palladio.

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Brett McGinness is the engagement editor for the Reno Gazette Journal. He’s also the writer of The Reno Memo — a free newsletter about news in the Biggest Little City.

Subscribe to the newsletter right here. Consider supporting the Reno Gazette Journal, too.



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Nevada veterans exposed to radiation, toxic chemicals near recognition under new bill

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Nevada veterans exposed to radiation, toxic chemicals near recognition under new bill


LAS VEGAS (FOX5) — Nevada veterans who say they were exposed to radiation and toxic chemicals at the Nevada Test and Training Range are one step closer to getting recognized and help.

Senator Jacky Rosen and Congresswoman Susie Lee are introducing an updated “Forgotten Veterans Act,” now renamed the Sergeant Dave Crete Forgotten Veterans Act, to force the Defense Department to document contamination on the range and identify every service member who served there.

Veterans say years of classified work have kept them from proving their exposure and getting VA benefits, even as they deal with cancer and other serious illnesses.

Under the bill, the Pentagon would have to formally list the range as contaminated, unmask where veterans served the VA, and clear up a path for them and their families to qualify for care and compensation.

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