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Yesterday, the Clark County Board of Commissioners approved $119,999,500 community housing fund for the development and rehabilitation of affordable rental housing projects, totaling 3,106 units.
The “Welcome Home Community Housing Fund” was created in April 2022 for housing related programs including construction of multifamily rental projects, affordable homeownership, and county land. An application process was opened in May 2022 for the development and rehabilitation of multifamily rental units to serve Clark County households at up to 80% of the Area Median Income.
The County received over 50 pre-applications, totaling over $350 million in funding requests. Thirty nine applications advanced to the final scoring. After the review process, the staff selected 30 projects (including 11 small rehab projects), totaling 3,106 units, to receive a total of $119,999,500 in community housing fund.
The meeting presentation and a list of selected projects can be viewed HERE.
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