Las Vegas' rate of Point-in-Time Homelessness decreased again in 2020. Reno's rate of Point-in-Time homelessness decreased slightly as compared with 2019 but remains higher than Las Vegas' rate.
Vacancy rates for Nevada tax credit properties were slightly lower in 2020 at 2.6%. Property managers reported full or partial payments were made by 94% of Nevada LIHTC households.
HUD announced today that Nevada will be receiving $6.76 million dollars from the National Housing Trust Fund (HTF) for its 2021 allocation, a record high and over twice the $3 million received from the 2020 allocation.
Northern Nevada Community Housing (NNCH) opened its newest property last year in August in Carson City. One hundred percent of the property’s electricity needs are supplied by a solar panel array, estimated by NV Energy to be at net zero energy consumption.
Nevada reported the highest proportion of senior households of any state with 53% of LIHTC households reporting at least one member 62 years old or older. Median income for the Nevada LIHTC tenants was $18,152.
Nevada jurisdictions report over 12,000 households helped with CARES Act housing assistance programs and an increase of 616 units of affordable housing.
Using the 2019 U.S. Census Bureau Public Use Microdata Sample, the dollar affordability gap for a very low income renter household in Nevada was found to average about $460 a month.
The COVID-19 relief bill signed into law at the end of 2020 included a permanent minimum 4% floor to the 4% tax credit program. Industry experts at Novogradac estimate a possible 1,000 additional units in Nevada over the next ten years as a result.
Nevada Rural Housing Authority, along with other agencies throughout the state, participate in the Weatherization Assistance Program managed by the Nevada Housing Division. The program helps to ensure that low-income Nevadans are living in safe, healthy, energy-efficient homes.
Experimental Census Bureau Pulse Data measured an uptick in Nevada housing insecurity towards the end of October. Renters have higher levels of housing insecurity then owners.
Newly constructed in 2017, Richards Crossing Apartments is a unique, model community with 39-unit affordable housing development for the homeless and extremely low-income individuals. Specific units are reserved for chronically homeless veterans and receive rental assistance from the U.S. Veterans Administration.
In the heart of Fallon, close to shopping, hospital, community arts center and more, Indigo Village Apartments offers one and two-bedroom apartments. This community was renovated in 2014.
Yerington Manor offers one-bedroom, ground level apartments for seniors 62 years and over and/or handicapped or disabled persons, regardless of age. This community was renovated in 2004. Financing was provided by HUD and USDA Rural Development with project based rental assistance programs.