$64M approved for expanding attainable housing in Nevada

Funding will spur development of over 1,500 homes and apartments across the state

Published on Feb. 9, 2026

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More than $64 million has been approved to expand attainable housing opportunities in Nevada, Gov. Joe Lombardo announced. The funding comes from the Nevada Attainable Housing Account and will be used to develop 358 for-sale homes and 1,208 multi-family apartments across the state, including over 1,000 units in Southern Nevada. The Nevada Attainable Housing Council also approved an additional $3 million for homeownership opportunities and more than $9 million in local government matching funds.

Why it matters

With rising home prices and rents, affordable housing has become a major challenge in Nevada. This funding aims to increase the supply of attainable housing options for low- and moderate-income families, helping more Nevadans achieve the dream of homeownership or secure stable rental housing.

The details

The funding comes from the Nevada Attainable Housing Account, which was created by AB 540 last year. The money will be used to spur the development of 358 for-sale homes and 1,208 multi-family apartments across the state, including seven apartment, home and townhome complexes in Southern Nevada totaling just over 1,000 units combined.

  • The Nevada Attainable Housing Account was created by AB 540 last year.

The players

Joe Lombardo

The governor of Nevada who announced the $64 million in funding to expand attainable housing opportunities across the state.

Nevada Attainable Housing Council

The council that approved the $64 million in funding as well as an additional $3 million for homeownership opportunities and more than $9 million in local government matching funds.

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The takeaway

This funding represents a significant investment in increasing the supply of attainable housing in Nevada, which could help more low- and moderate-income families access affordable homes and apartments. However, more work may be needed to address the state's broader housing affordability challenges.