Las Vegas, NV -
May 16, 2016The Nevada Housing Division (NHD)
announced today that Nevada will receive $3 million in first-ever federal
funding from the U.S. Department of Housing and Urban Development (HUD) through
the National Housing Trust Fund.
Nearly $174 million was allocated
through the National Housing Trust Fund to provide a new affordable housing production program that will complement
existing federal, state and local efforts to increase and preserve the supply
of decent, safe, and sanitary affordable housing for extremely low-income
households, including families experiencing homelessness.
Sharath
Chandra, NHD Deputy Administrator stated, “These new funds will help the
Housing Division serve the most vulnerable Nevadans while strengthening local
communities and making them more vibrant.”
NHD intends to use these funds
to support the goals highlighted in the Nevada Interagency
Council on Homelessness’ strategic plan. The council was established to coordinate
and focus the state's efforts to effectively address the challenge of
homelessness and provides the opportunity for Nevada to engage in an integrated
approach regarding the issue of homelessness and promote interagency
cooperation.
About 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. To learn more, visit www.housing.nv.gov.
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