File #: 25-3204   
Status: Passed
File created: 11/19/2025 In control: Clark County Board of Commissioners
On agenda: 12/2/2025 Final action: 12/2/2025
Title: Approve the submission of a grant application to the State of Nevada's Nevada Attainable Housing Account for $9,181,300 in Development Opportunities Funds for the gap funding for the development of the Community Land Trust homes; authorize the County Manager or his designee to execute any required documents and accept any grant funds awarded. (For possible action)
Attachments: 1. Staff Report

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Lisa Kremer, Deputy County Manager Dagny Stapleton, Community Housing Administrator

Recommendation: 

title

Approve the submission of a grant application to the State of Nevada's Nevada Attainable Housing Account for $9,181,300 in Development Opportunities Funds for the gap funding for the development of the Community Land Trust homes; authorize the County Manager or his designee to execute any required documents and accept any grant funds awarded.  (For possible action)  

body

 

 

FISCAL IMPACT:

Fund #:

2770

Fund Name:

Community Housing Fund

Fund Center:

1000116200

Funded PGM/Grant:

N/A

Amount:

$9,181,300 (if awarded)

Description:

Application for grant funds from the Nevada Attainable Housing Account

Additional Comments:

N/A

 

BACKGROUND: 

The Nevada Attainable Housing Account (NAHA) was established by the Nevada Housing Access and Attainability Act (the Act) through Assembly Bill 540 in the 2025 Session.  AB540 provided up to $183M in financing for the development of attainable housing.  Pursuant to AB540's Allocation Plan adopted by the Nevada Housing Division, $83M has been allocated to increase the construction and supply of new attainable housing.  The initial amount of these funds available for single-family homes is $30M. 

Staff proposes that the County apply for $9,181,300 in NAHA funding for the purpose of supporting the County's Welcome Home Community Land Trust (CLT) program.  Specifically $9,181,300 is the estimated cost to assist CLT homebuyers to ensure that the sale price of the homes are affordable for households between 60% and 100% of Area Median Income in Clark County.

If approved, staff will submit an application to the State for the full CLT gap funding amount of $9,181,300 and include any requested data or information.