Las Vegas, NV - April 03, 2014
Nevada Housing Division (NHD) has published its annual report on multi-family
housing affordability, Taking Stock:
Nevada’s 2013 Affordable Apartment Survey.
The report was issued after carrying out a survey of its Low Income
Housing Tax Credit properties during the fourth quarter of 2013.
survey focused on Nevada’s Low Income Housing Tax Credit (LIHTC) properties
which account for 24,317 units statewide. The LIHTC program, administered by
the Division, allocates Nevada’s share of federal housing tax credits each year
to developers for specific affordable apartment communities for seniors and
The 2013 annual
- The majority of extremely low
income households, those below 30% area median income, experience a severe
- Market rents were 17% above
the average of the high range of reported LIHTC rents in Clark County and
20% higher in Washoe County.
- Nevada has a higher than
average number of LIHTC units per household compared to the national
- Highest average rents for
LIHTC properties were reported in Washoe County.
- Average vacancy rates for
affordable units were higher in Las Vegas than in Reno.
- Senior housing had lower
vacancy rates than family housing.
view the full report, please visit the Nevada Housing Division’s website- http://housing.nv.gov. The report is located under Resources,
About the Nevada Housing Division
Nevada Housing Division was created by the Nevada Legislature in 1975, when it
was recognized that a shortage of safe, decent, and sanitary housing existed
throughout the State for low- and moderate-income Nevadans. Their mission is to
improve quality of life by providing affordable housing opportunities. For more
information visit www.housing.nv.gov.