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Monday, November 22, 2021   /   by Ken Couture


What about a brand new apartment in a secluded community with modern amenities and energy-efficient appliances, plus a dog park, swimming pool, and barbecue area. It will be anchored in a central community club with a meeting room and space designed for resident services and amenities and will be available for approximately C$1,100. 

 That's what they're building in Las Vegas.  Lake Mead West Apartments is a  community of 156 apartments located directly across from the elementary school. 

 “High-quality, affordable housing is a staple in Southern Nevada, and the Lake Mead West Apartments will be an indispensable community in North Las Vegas,” said Hassan Chaudhry, Director of Foresight Cos. and developers of Lake Mead West Apartments told  Las Vegas JournalReview. . “Creating a truly public-private partnership project for the benefit of our working families requires extensive collaboration across multiple agencies and entities, but it is well worth the hard work to bring about. benefits to the community. "

" As part of our partnership, Lake Mead West will not only offer affordable housing but also 'package services' including access to healthcare affordable prices, a pantry with nutritious food options, after-school programs for students, social services, internet computers/workstations, and a children's play area,” Chaudhry said. 

 The project is described as a public-private partnership with the City of North Las Vegas, Nevada Housing Division, Foresight Cos. and a private investor, Red Stone. It was built with a combination of the Low Income Housing Tax Credit (LIHTC), Tax Exemption Voucher, Tax Voucher, Developer Grant, HOME Grant, and GAHP (Ongoing Affordable Housing Program). develop). 
 One, two, and three-bedroom apartments will be available at below-market rents. Regional Fair Market (FMR) rents start at $900, (C$1,130) according to  2021 statistics from HUD. Compare that to Hamilton, where a 90-year-old man in a dingy neighborhood is fumigated, remodeled, and put back on the market for $1,500 to $1,800 each.

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Ken Couture
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