Nevada to receive $3 million to create more affordable housing for low income residents


Contact

Teri Williams
Public Information Officer
(702) 486-0407
Las Vegas, NV - May 16, 2016

Las Vegas, NV – The Nevada Housing Division (NHD) announced today that Nevada will receive $3 million in first-ever federal funding from the U.S. Department of Housing and Urban Development (HUD) through the National Housing Trust Fund.
Nearly $174 million was allocated through the National Housing Trust Fund to provide a new affordable housing production program that will complement existing federal, state and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low-income households, including families experiencing homelessness.
Sharath Chandra, NHD Deputy Administrator stated, “These new funds will help the Housing Division serve the most vulnerable Nevadans while strengthening local communities and making them more vibrant.”

NHD intends to use these funds to support the goals highlighted in the Nevada Interagency Council on Homelessness’ strategic plan. The council was established to coordinate and focus the state's efforts to effectively address the challenge of homelessness and provides the opportunity for Nevada to engage in an integrated approach regarding the issue of homelessness and promote interagency cooperation.

About the Nevada Housing Division
Our mission is to provide affordable housing opportunities and improve the quality of life for Nevada residents. Nevada Housing Division (NHD), a division of the State of Nevada Department of Business and Industry, was created by the Nevada State Legislature in 1975. NHD is committed to making Nevada a better place to live and work. We connect Nevadans with homes by providing financing to developers to build affordable apartment homes, by providing innovative mortgage solutions, and by making more homes energy efficient, thereby lowering utility expenses. To learn more, visit www.housing.nv.gov.