The Clark County Commission is working to bring the American Dream of homeownership to lower-income families.
Today, County Commissioners took a significant step towards creating an affordable housing development in which the homes would be sold to eligible families. This would be the first for-sale affordable housing development in Clark County, as previous affordable housing developments here have offered homes for rent.
The commissioners voted 7-0 to work with developer Kavison Homes on a plan to build more than 100 single-family homes on 15 acres along Cactus Avenue, east of Buffalo Drive. After the County and the developer negotiate a development agreement, the County will work with the U.S. Department of Housing and Urban Development and the U.S. Bureau of Land Management to transfer the property to the County.
“This is exactly the kind of development we want to see in our community to make homeownership affordable for teachers and other working families in Southern Nevada,” Commissioner Justin Jones said, adding that the planned development would be near his home.
“Homeownership has many benefits for families and the community, but it is a dream that is simply out of reach for many residents,” County Manager Yolanda King said. “As the first for-sale affordable housing development to our community, this plan will open the door to homeownership for more than 100 lower-income families.”
In August, the average price of a home in Southern Nevada reached $405,000, which is unaffordable for many local households. Qualifying families would earn less than 80 percent of the area median income. For example, a qualifying family of four could earn about $64,000 annually or less.
Clark County is a dynamic and innovative organization dedicated to providing top-quality service with integrity, respect and accountability. With jurisdiction over the world-famous Las Vegas Strip and covering an area the size of New Jersey, Clark is the nation’s 11th-largest county and provides extensive regional services to 2.3 million citizens and 45.6 million visitors a year (2019). Included are the nation’s 7th-busiest airport, air quality compliance, social services and the state’s largest public hospital, University Medical Center. The County also provides municipal services that are traditionally provided by cities to 1 million residents in the unincorporated area. Those include fire protection, roads and other public works, parks and recreation, and planning and development.