Northern Nevada housing projects receive millions in state funding

Northern Nevada communities are expected to see expanded housing opportunities following Governor Joe Lombardo’s announcement of more than $64 million in statewide funding for attainable housing, with several projects and assistance programs focused on Reno, Fernley, Washoe County, Lyon County, and rural Nevada.

Part of the funding includes $750,000 approved for the Rural Nevada Development Corporation, which will provide homebuyer assistance across multiple Northern Nevada and rural counties. Eligible areas include Elko, Lander, White Pine, Humboldt, Pershing, Douglas, Mineral, Lyon, Storey, and Carson City, among others. The program is designed to help first-time and moderate-income buyers with down payments and closing costs, expanding access to homeownership in communities where housing options are limited.

Several housing developments were also approved to add both rental units and for-sale homes in Northern Nevada. In Reno, nearly $1.48 million was approved for the Hi-Way 40 project, which will bring 28 new rental homes to Washoe County. Another Reno-based project, Alpine Vista by Desert Wind Homes, received $4 million to support the development of 145 for-sale homes aimed at working families seeking attainable homeownership.

Additional funding will support new housing in surrounding communities. Formation Homes received $2.5 million to develop 54 for-sale homes across Sun Valley, Golden Valley, and Fernley in Washoe and Lyon counties. In Fernley, the Wilson Landing project was approved for $5 million to build 37 for-sale homes, expanding housing options in Lyon County as the region continues to grow.

State leaders say the investments are intended to help Northern Nevada communities keep pace with population growth while providing attainable housing options for local workers. Governor Lombardo has emphasized that increasing housing supply and expanding homeownership opportunities remain key priorities as Nevada works to ensure families have access to safe and affordable places to live.