Southern Nevada affordable housing developer receives national top 50 rank

LAS VEGAS, Nev. (FOX5) -Nevada HAND, a nonprofit devoted to offering reasonably priced housing, was ranked 26 out of Inexpensive Housing Finance’s 2021 Prime 50 Inexpensive Housing Builders on June 2.

Out of the highest 50, Nevada HAND can be the second highest-ranked nonprofit developer.

Nevada HAND says that in a area the place hire is averaging $1,450 per thirty days, they proceed to develop and construct reasonably priced condominium houses with a mean hire of $733 per thirty days.

The nonprofit additionally says that Nevada is presently experiencing a scarcity of over 85,000 reasonably priced houses for low-income renters. “We’re proud to be offering a substantial amount of housing for these in want, however we additionally perceive that there’s a lot of labor nonetheless to be performed as we deal with our housing challenges,” stated Wally Swenson, Nevada HAND’s Vice President of Company Affairs.

Nevada HAND presently has over 700 models of reasonably priced housing being made, with a mix of rehabbed models and new development.

Their newest multi-family communities will present 480 reasonably priced housing models to Southern Nevada’s low-income seniors and households.

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