The state of Nevada has awarded the first round of funding from a $133 million housing initiative designed to expand affordable homeownership and rental options. The Nevada Housing Division approved more than $64 million for building homes, supporting rental developments, and helping first-time buyers with down payments.
The funds come from the Nevada Attainable Housing Account, a program created under the 2025 Housing Access and Attainability Act. The measure was designed to address a statewide affordability crisis for low- to moderate-income families. Nevada leaders initially set a goal of helping create about 5,000 single-family homes through the program.
Funding approved so far, including the $64 million announced by Gov. Joe Lombardo and additional allocations from the Housing Division, totals about $86 million and is projected to support more than 5,600 housing units overall. Those units include a mix of for-sale homes and rental developments. About 1,100 new homebuyers are expected to receive assistance with down payments.
This portion of the NAHA funding focuses on spurring construction or acquisition of 358 for-sale homes and 1,208 multifamily rental apartments across Nevada. The package also includes $3 million for homeownership opportunities and more than $9 million in matching funds for local governments. Specific awards include projects in Reno, Fernley, Henderson, and Clark County.
Looking ahead, Nevada still has unspent funds and future application rounds to advance its housing goals. After the allocations this cycle, about $46.8 million remains available for the next round of awards, which will be reviewed later this year. Developers and local governments will have another opportunity to compete for funding to build homes, rental units, and supportive housing projects. Housing Division leaders have also signaled that ongoing discussions could explore shifting money toward the most in-demand categories, such as low-income multifamily rental housing, where demand currently outpaces supply.
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