Clark County commissioners today supported plans for a new affordable housing development for seniors on vacant land near Pebble Road and Eastern Avenue.
In a unanimous vote this morning, the commissioners directed County staff to negotiate a development agreement with Coordinated Living of Southern Nevada and Ovation Development, which would build the senior housing complex. If a development agreement is successfully negotiated and approved by the commissioners, the County would then request the U.S. Bureau of Land Management sell the property to the County for this project.
"I was pleased to support the new affordable housing development for seniors in District A and thank my colleagues for their support of the item," Commissioner Michael Naft said. "Upon completion, this will be an outstanding home for many wonderful residents of Clark County who most need it."
The property is 5 acres of vacant land on the north side of Pebble, just west of the intersection with Eastern. Specific information about the possible development there is not available now, but is expected to be presented to the commissioners early next year. Under a best case scenario, all necessary approvals could be granted next year, and the development could be under construction in 2021.
Today's action was the latest in a series of efforts by the commissioners to bolster affordable housing opportunities in Southern Nevada.
Currently in Clark County, there is a shortage of 59,370 affordable homes for extremely low-income households, which have an annual income at or below 30 percent of the area median income. If one includes very low-income households, the shortage here grows to 78,112 homes. For extremely low-income households, there are 14 affordable and available rental homes per 100 homes in Clark County, which is the second fewest among all counties in the nation, according to the National Low Income Housing Coalition. The lack of affordable housing in Southern Nevada greatly affects those working to escape homelessness and those at risk of becoming homeless. To address these issues, the commissioners have provided additional funding to homeless outreach, shelter services and other services, in addition to working to increase affordable housing opportunities in Southern Nevada.
In December 2018, the commissioners supported designating 10 parcels in the southwest for affordable housing development. The parcels, which include the 5-acre property addressed today, are a combined 128 acres and could hold about 2,000 apartment units depending upon the specific development plans ultimately proposed.
In August 2019, the commissioners approved funding plans for two affordable housing developments that will help more than 400 low-income seniors and families.
Then, last month, the commissioners supported establishing several new programs to create incentives for new affordable housing developments and preserve existing affordable housing for very low-income households. Those programs include a Community Land Trust, Local Housing Trust Fund, Land Bank and utility and government rebate programs.