From the Executive Director
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Each year, the National Low Income Housing Coalition (NLIHC) releases The Gap: A Shortage of Affordable Homes, their annual report highlighting the severe shortage of affordable homes for low-income renters across the United States. This year's findings reveal a national deficit of 7.1 million affordable and available rental homes for extremely low-income households. Nationwide, there are only 35 affordable homes for every 100 extremely low-income renters, leaving millions struggling to secure stable housing.
In Nevada, the situation is even more dire. According to the latest report, there are 93,574 extremely low-income households, yet only 17 affordable and available rental homes per 100 households. One of the lowest ratios in the nation. The consequences are severe: 86% of extremely low-income renters in Nevada are severely cost-burdened, spending more than half of their income on housing, leaving little room for essentials like food, healthcare, and transportation.
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The need for policy solutions, strategic investments, and collaboration has never been greater. Your engagement and advocacy are essential as we work together to drive meaningful change.
-M. Page
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As mentioned above, The Gap: A Shortage of Affordable Homes was released this month highlighting the shortage of affordable homes for low-income renters throughout the country. No state or major metro area has an adequate supply of rental homes affordable and available for extremely low-income renters. More than 90% of these renters are in the labor force, are seniors, have a disability, are in school, or are single adult caregivers. Click below to download the complete report which includes a variety of figures and talking points on the affordable housing shortage including Nevada specific numbers.
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Affordable Housing Day at the Legislature
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Last Call for Registration
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Today is the last day for NHC Members to register for our Affordable Housing Day at the Legislature. Don't miss this fun and engaging day of affordable housing advocacy.
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Pyramid Lake Housing Authority Hosts Sacred Visions Groundbreaking for New Subdivision
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We were honored to attend Pyramid Lake Housing Authority's Sacred Visions Groundbreaking Ceremony for a new subdivision in Wadsworth, Nevada. The multi-phase project will provide 76 units across 56 acres of land. The units will include 2, 3, 4, and 5-bedroom homes. This project is a significant milestone for the Pyramid Lake Housing Authority in their commitment to provide safe and affordable housing for enrolled members of the Pyramid Lake Paiute Tribe. The project will honor the Tribe's social, cultural, and economic values while encouraging community growth.
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SAVE THE DATE
April Lunch & Learn
Wednesday, April 23rd | 12pm
Topic: Housing & Economic Development
Details and registration coming soon!
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Foresight Housing Partners Breaks Ground on Supportive Housing Community
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Last week, Foresight Housing Partners broke ground on PuraVida Senior Living, a supportive housing project for low-income and fixed income seniors in Las Vegas. Twenty-nine of the units will be dedicated to residents at or below 30% AMI and the remaining for those at 50% AMI. HopeLink of Southern Nevada will provide the supportive services. When completed in 2026, the community will have 74 units across 14 buildings and include amenities such as a community center and pickleball courts. The project was funded by Home Means Nevada, HOME grants, and contributions by developers. Click here to read more about this project and here to watch news coverage of the event.
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FHLBank San Francisco Invests $10 Million for Affordable Housing
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Clark County Approves New Project; Nevada HAND to Build It
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Clark County recently approved a new development to serve low-income seniors in Southern Nevada. The four-story project will be built by Nevada HAND and includes 278 units. The community will feature amenities such as a clubhouse, community kitchen, library, theater, game room, and craft rooms. Click here to read the full article.
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Southern Nevada Regional Housing Authority Rolls Out Two New Projects
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The Southern Nevada Regional Housing Authority (SNRHA) had much to celebrate this month with the groundbreaking of two Home Means Nevada projects in Clark County. Together, the two developments will provide 201 affordable housing units serving households at 30-80% AMI. Both communities will have amenities such as playgrounds, BBQ stations, dog parks, basketball courts, and pavilions. Click here to read more about these projects.
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The Empowerment Center Expanding Marvel Way
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The Empowerment Center provides women in Northern Nevada struggling with substance abuse with a recovery and treatment program including transitional living and workforce development. Recognizing that the shortage of affordable housing was preventing their clients from moving into stable housing, they created their own solution by opening Marvel Way in 2022. This project developed a permanent 42-unit sober living space with onsite supportive services. They are set to provide an additional 46 units later this year. Click here to read more.
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Business
American Real Estate Ventures, Inc.
Engineering Partners, Inc.
Friend/Advocate
Essie Burriss
April Gonzales
Ronald Mobley
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Business
FormGrey Studio
Nonprofit/Government
Habitat for Humanity Las Vegas
Oikos Development
Friend/Advocate
Maurice Page
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