To address the urgent need for housing for low-income residents and members of the workforce in Clark County, the County has created the Community Housing Fund (CHF) and committed $160 million to support housing-related programs.
Developers and operators of affordable housing are encouraged to apply for CHF funds, up to $140 Million of which are now available, for the development and rehabilitation of multi-family affordable rental housing. The County hopes this first release of funds will contribute to the construction of approximately 4,000 new housing units for extremely low income to moderate income households. Applications for land acquisition for future affordable housing projects will also be considered.
The growing need for housing is coupled with rising construction costs and interest rates, which have impacted the ability to bring affordable housing units online. The Community Housing Fund will provide gap financing to housing development projects that may be using Low Income Housing Tax Credits and other financing sources to build housing.
Through this ongoing and sustainable fund, Clark County will annually invest in affordable housing development, affordable home ownership and other programs to support access to housing for Clark County residents. For those interested in funding for a project containing exclusively transitional or permanent supportive housing units, a future round of funding for those projects will be available later this year.
If you would like to apply for the current round of CHF dollars, you can find the Program Guide and Application Instructions here. To submit your CHF application through ZoomGrants click here. Pre-Applications will be due Thursday May 26, 2022, at 5:00 pm (PST). The deadline for submitting the completed General Application is Monday, June 13, 2022, at 5:00 pm (PST).
HOME Off-Cycle Funds are also being made available for CHF applicants, please find the HOME Program Guide here – those interested in applying for Off-Cycle HOME funds can do so through the CHF Application.
A Pre-Application meeting was held on May 19, 2022. To request a recording of that meeting please email: CHF@ClarkCountyNV.gov.
Any questions related to this application or CHF funds should be emailed to CHF@ClarkCountyNV.gov.