On April 7th, the Interim Finance Committee approved $250 million in federal funds as part of the “Home Means Nevada” housing initiative.
The $250 million in federal funds represent half of the money the State plans to put toward the “Home Means Nevada” housing initiative announced by Governor Sisolak at the State of the State conference in March this year. The plan is aimed at helping to lower the cost of housing, helping boost housing construction and homeownership opportunities, and helping seniors to repair their homes.
This is the single largest investment in housing in state history and complements other measures taken across State government in line with this vision, including that the Nevada Housing Division (NHD) recently announced it has set aside $300.7 million for affordable housing development projects throughout the state. This figure represents 87% of Nevada's 2021 tax-exempt bond funding.
"Affordable housing is a critical priority for Nevadans, and for my administration. I am grateful to members of the Interim Finance Committee for approving all the funding programs brought forward today so we can move quickly to make a difference for Nevadans,” said Gov. Sisolak.