Tuesday, April 3, 2018|2:48 p.m.
Clark County is making an application for millions in federal dollars to fund low-income real estate and fight homelessness.
The Neighborhood Advancement Advisory Committee today recommended six projects for a requested total of more than $6.6 million in state and federal financing. 4 projects would be dedicated to housing for elders by creating nearly 500 units and one would help low-income households by building 80 systems.
The largest portion of funding is more than $2.5 million for Accessible Area Inc.’s Stepping Stone Apartments Task, which would house those with specific neurological conditions and distressing brain injuries.
Nevada’s Low Income Real estate Trust Fund matches dollars from the federal HOUSE Financial investment Collaboration. With commissioners’ vote to approve the suggestions today, the county will apply for the funding with the U.S. Department of Housing and Urban Advancement and the State of Nevada’s Real estate Division.
Officials based the financing requests on budget plan allowances from in 2015. Kristin Cooper, neighborhood resources manager, stated the Clark County HOUSE Consortium is approximated to get $8.2 million in brand-new and previous year funding from the federal HOME program and the state’s HOME and low-income real estate credit dollars for the upcoming 2018-2019 fiscal year. She said practically $1 million is set to be designated to North Las Vegas.
Budget-friendly housing designers asked for $11.6 million, while the advisory committee had $6.6 million to assign. Cooper said the hope is that the county will get more financing than last year based upon the omnibus spending plan recently gone by Congress.
The approximately 600 brand-new units will be available to low-income locals for at least Twenty Years, Cooper said.
Commissioners likewise OK ‘d projects to get more than $600,000 in Emergency Solutions Grant program funds that the county is eligible to get. Those tasks for homeless kids and families, including the Shannon West Homeless Youth Center, will be included in the FY2018 HUD Action Plan.
Advisory committee Chair Lois Greene stated members of the group checked out project websites, heard presentations from developers and settled its recommendations in March.
If federal financing is lower than the county’s demand, officials stated the six projects would be granted based on top priority while the emergency solutions grants would be minimized throughout the board.
Two projects in North Las Vegas will not get any of moneying the developers asked for.
“We didn’t have enough money to get to everybody,” Cooper stated. “They do think about whether it remains in the county or the city, due to the fact that the city does receive its own allowance of HOME funds.”
Cities also need to provide substantial support for a job before the county can contribute its HOME funds in another jurisdiction, Cooper stated. Among the unfunded projects, Nevada HAND Inc.’s North 5th Street Houses, has actually because been suggested for other financing by the City of North Las Vegas.
“They are next on our list of funds to waterfall down if we do get additional financing,” Cooper stated.
Commissioners also declared April reasonable housing month in Clark County. Silver State Fair Real Estate Council Southern Nevada Program Manager Ivonne Almaraz stated it is very important to continue combating versus discrimination in housing.
CORRECTION: A previous variation of this story used the phrase “public real estate” rather of “budget-friendly real estate” or “low-income real estate.” The terms are not associated.|(April 3, 2018)