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County Seeing Proposals for Affordable Housing Development

Friday, May 21, 2021   /   by Ken Couture

County Seeing Proposals for Affordable Housing Development

Affordable Housing Development.jpg
Clark County is requesting proposals to build more than 100 affordable homes on 15 acres in the southwest valley. The homes could be single-family detached houses or townhomes, and they would be for-sale to households that fall under certain income limits.

If successful, the County would facilitate the purchase and development of this federally-owned land to a private developer at a discounted rate. This is the first time the County is trying to create new for-sale affordable housing by actively seeking a developer to build in a specific area.

The property is near the intersection of Cactus Avenue and Buffalo Drive in Commission District F, which is represented by Commissioner Jones.

The property will be zoned Medium Density Residential, which allows up to 8 single-family homes per acre, or 10 units per acre in a townhome development. The homes in the new development would be sold to lower income buyers, who would be limited to earning less than 80 percent or 60 percent of the area median income (AMI), depending upon the specifics of the development.

For a four-person household, 60 percent of AMI is $45,000 a year, and 80 percent of AMI is $60,000 a year. The development would be required to remain in use for affordable housing for at least 30 years.
 

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Couture Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147
702-476-0060

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