Nevada Approves $64M for 5,362 New Housing Units

The funding aims to boost attainable housing across the state by 2026.

Published on Feb. 6, 2026

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Nevada's housing efforts received a major boost as the Nevada Attainable Housing Council approved over $64 million in awards to support the development of 5,362 housing units statewide. The funding stems from the Nevada Housing Access and Attainability Act, which broadened the definition of affordable housing and created the $133 million Nevada Attainable Housing Account.

Why it matters

Nevada has been grappling with housing affordability and availability challenges, and this new funding represents a significant step towards increasing the state's housing inventory, particularly for low- and moderate-income households.

The details

The awards will support a variety of housing projects, including $22 million for homebuyer assistance programs, $47 million for future recommendations, and $3 million to fund land acquisition for 144 attainable units. Additionally, nearly $3 million is designated as grants for supportive housing projects, and over $22.8 million is earmarked for five single-family residential developments targeting households earning between 80% and 150% of the area median income.

  • The Nevada Attainable Housing Council approved the $64 million in awards on February 6, 2026.
  • The $3 million land acquisition project is slated for completion in 2028.

The players

Nevada Attainable Housing Council

The state council responsible for approving the $64 million in housing awards.

Governor Joe Lombardo

The Governor of Nevada who prioritized the Nevada Housing Access and Attainability Act during the 2025 legislative session.

Ulysses Development Group

The developer slated to complete the 144-unit attainable housing project near Boulder Highway and Russell Road.

Blind Center of Nevada

The organization operating the 100-unit Visions Park supportive housing project in Las Vegas.

Volunteers of America

The organization developing a similar supportive housing project in Reno.

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What they’re saying

“Today, we took another major step to make it easier for working families in Nevada to find attainable housing. Through the Nevada Housing Access and Attainability Act, my administration approved more than $64 million to projects across the state that will kickstart development and homeownership opportunities for low- and moderate-income households.”

— Governor Joe Lombardo (newsy-today.com)

What’s next

The state anticipates replenishing much of the allocated funding over the coming years, and the housing division is continuing to review funding requests from the city of Las Vegas.

The takeaway

This significant investment in Nevada's housing infrastructure, with a focus on attainable and supportive housing, demonstrates the state's commitment to addressing its housing affordability and availability challenges. The structure of the Nevada Attainable Housing Account, emphasizing loan repayment and reinvestment, suggests a long-term, sustainable approach to housing development.