Carson City, NV - April 19, 2016
Nevada Housing Division (NHD) has published its annual report on multi-family
housing affordability, Taking Stock:
Nevada’s 2015 Affordable Apartment Survey.
The statewide report was presented during the Nevada Affordable Housing
Forum on April 7 in Reno. The report enables the Division and other
stakeholders to direct resources and funding to the areas of greatest need.
survey focuses on Nevada’s Low Income Housing Tax Credit (LIHTC) properties
which account for 24,387 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, veterans
and families. Housing developed with federal and state funds provide social and
economic benefit through the creation of jobs as well as a sense of security,
hope and community to the residents of those developments.
The 2015 annual
vacancy rates have declined statewide from 7% in 2013 to 4% in 2015,
reaffirming the case that it's more challenging to find affordable housing in
of the properties reported a waiting list and those lists are becoming longer
average vacancy rate for seniors is very low at 2.6% compared to the historical
average of 5%
units have accessibility features, providing housing options to those with
at affordable properties have increased approximately 11% since 2013, placing
increased pressure on the household budgets of Nevadans
view the findings of the full report, please visit the Nevada Housing
Division’s website- http://housing.nv.gov.
the Nevada Housing Division
Our mission is to provide
affordable housing opportunities and improve the quality of life for Nevada
residents. Nevada Housing Division (NHD), a division of the State of Nevada
Department of Business and Industry, was created by the Nevada State Legislature
in 1975. NHD is committed to making Nevada a better place to live and work. We
connect Nevadans with homes by providing financing to developers to build
affordable apartment homes, by providing innovative mortgage solutions, and by
making more homes energy efficient, thereby lowering utility expenses.