Today, Nevada Governor Steve Sisolak and the Nevada Housing Division announced the final awards for the $500 million Home Means Nevada affordable housing initiative.

"I’m so proud that through collaboration across all levels of the public and private sector we’ve made Nevada’s single-largest investment into affordable housing to tackle one of our state’s most complex issues. Now, developers can get shovels into the ground and construction projects across the finish line,” said Governor Sisolak. “These projects will create positive change for generations of Nevadans – ensuring that more families and underserved, low-income communities will be able to find an affordable home. Finding a home for just one more Nevadan has been my goal since day one – and this initiative will provide a safe place for thousands of Nevadans across the state.”

Governor Sisolak launched the initiative in April and the first awards were announced in October. During the Nevada Legislature’s Interim Finance Committee meeting in October, lawmakers approved the final $250 million to fully fund the program, allowing the Nevada Housing Division to allocate more funding to awardees.

“I’d like to thank the Governor and his staff, the Nevada Housing Division staff, all of the applicants as well as legislators, the Governor’s Finance Office and all those who have helped in making the Home Means Nevada initiative a reality,” said Steve Aichroth, Administrator of the Nevada Housing Division. “This expansion of affordable housing throughout the state comes at a time when we need it most and will be truly life-changing for so many families and for the future landscape of Nevada.”

The initiative includes four categories of funds that will be administered by the division – Multi-family Development, Multi-family Preservation, Land Acquisition and Home Ownership: New Development/Rehabilitation.

While this completes the Home Means Nevada $500 million initiative, the Nevada Housing Division will continue to work tirelessly with applications and projects that were unable to be funded through this initiative, and now look forward to working with developers on other ways to bring projects to life.

Notable awards from the final round of funding include:

    Nevada HAND (Clark County): Nevada HAND was awarded $31.5 million for a new development in Henderson named “Boulder & Gibson” aimed at assisting youths exiting out of Foster Care. This project will be done in partnership with St. Jude’s and all jurisdictions in Clark County.

    Northern Nevada Community Housing Resource Board (Carson City): The Northern Nevada Community Housing Resource Board, the primary developer of affordable housing in Northern Nevada for those who have experienced homelessness and need supportive services, was awarded $39.4 million for a new development, “Eagles Landing Phases 1-4,” for 126 affordable housing units in Carson City.

    Washoe County (Reno): Washoe County was awarded $21.9 million for its project, “1800 Threikel St. CARES Campus,” in Reno to develop 50 affordable housing units. This project will provide transitional housing for those exiting the CARES campus and will provide the necessary bridge to those who need assistance exiting homelessness.

    Eddy House (Reno): Eddy House was awarded $6.5 million for the creation of the Transitional Living Community which will assist their current homeless youth population to transition out of homelessness.

The full list of the initial awards and their respective categories is below. The previous announcements can be viewed here.

Multi-family Development – 2800 total units created (including initial awards)

    Ulysses Development Group LLC (Reno): $28.5 million for “Ridge at Sun Valley” project to develop 195 units

    Southern Nevada Regional Housing Authority (North Las Vegas): $10 million for “Old Rose Gardens” project to develop 120 units

    Nevada HAND (North Las Vegas): $4.7 million for “Buena Vista Springs III” project to develop 98 units

    Nevada HAND (Las Vegas): $4.7 million for “Stewart Pines 1,2,3” project to develop 178 units

    Reno Housing Authority (Washoe County): $25 million for “Hawk View Apts” to develop 96 units

    Accessible Space (Reno): $15.8 million for “Line Drive Apts” project to develop 120 units

    Southern Nevada Regional Housing Authority (Las Vegas): $23.8 million for “28th & Sunrise” project to develop 60 units

    Coordinated Living of Southern Nevada/Ovation (Clark County): $22.3 million for “Pebble & Eastern” project to develop 195 units

    Coordinated Living of Southern Nevada/Ovation (Las Vegas): $26 million for “Decatur and Rome Family Apartments” to develop 276 units

    RISE Residential (Henderson): $15.7 million for “Raiders Way” project to develop 304 units

    Southern Nevada Regional Housing Authority (Las Vegas): $16.3 million for “Marion D Bennett Sr Plaza” project to develop 46 units

    Community Foundation of NNV/Housing Land Trust (Reno): $5.7 million for “Village on Sage St Expansion” to develop 96 units

Multi-family Preservation – 1077 total units preserved (including initial awards)

    Reno Housing Authority (Reno): $18 million for “Stead Manor” project

    Integra Property Group (Reno): $3.3 million in total for four projects in the Reno area, including “Metropolitan Gardens,” “Sagebrush Place 1 Reno LIHTC,” “Pinewood Apts,” and “Sagebrush Place II.”
    Integra Property Group (Las Vegas): $1.2 million for “Sierra Pointe/Grenada” project

    Reno Housing Authority (Washoe County): $3.5 million for “McGraw Ct” project

    Reno Housing Authority (Washoe County): $1.5 million for “Essex Manor” project

Home Ownership – 1554 total families/households assisted (including initial awards)

    Nevada Rural Housing Authority (Statewide): $7,630,071 for its “Home Repair Program” projected to assist 200 households

    Rebuilding Together Southern Nevada (Clark County): $2 million for its “Critical Home Repair” program projected to assist 167 households

    Rebuilding Together Southern Nevada (Clark County): $3 million for its “Fall Prevention Program” projected to assist 150 households

    Habitat for Humanity Las Vegas, Inc (Clark County): $1,518,363 for its “Jefferson North Project” projected to assist 10 households

    Rural Nevada Development Corporation (Rural): $687,500 for housing rehabilitation, projected to assist 25 households

    Rebuilding Together Northern Nevada (Washoe County): $3 million for its “Home Means Nevada Safe and Healthy Housing Program,” projected to assist 300 families/households

Land Acquisition

    City of Sparks: $1 million projected to assist veterans, seniors, multifamily, intergenerational and supportive housing

    City of North Las Vegas: $10 million projected to assist low-income individuals and families

    Churchill County: $1,743,500 projected to assist the homeless community

    Nevada Rural Housing Authority: $4,801,494 projected to assist families, seniors and persons with disabilities

    Reno Housing Authority: $2,275,000 projected to assist families, seniors and disabled individuals at 50% or below the area median income

    Nevada HAND: $2,120,000 projected to assist youth aging out of Foster Care

To maximize the impact and benefit more than 13,000 households throughout Nevada, the Division is leveraging these direct investments with other forms of available debt financing programs.