Nevada Approves $64 Million for Affordable Housing Expansion

Funds will kickstart development and homeownership opportunities for low and moderate-income households across the state.

Published on Feb. 5, 2026

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The Lombardo administration in Nevada has approved over $64 million to support the expansion of attainable housing in the state. The funds will be used to develop 358 for-sale homes and 1,208 multifamily rental apartments, as well as provide homeownership assistance. The funding was established through the Nevada Housing Access and Attainability Act and approved by the Nevada Attainable Housing Council.

Why it matters

This investment in affordable housing aims to make it easier for working families in Nevada to find attainable places to live. With rising housing costs, this funding is crucial to increasing access to homeownership and rental options for low and moderate-income households across the state.

The details

The $64 million in funding will go towards 12 different development projects across Nevada, including the acquisition of land for 144 rental homes in Las Vegas, the construction of 234 rental apartments in Henderson, and the building of 145 for-sale homes in Reno. An additional $3 million was approved for homeownership assistance programs, and $9 million in local government matching funds was secured.

  • On Thursday, Feb. 5, 2026, Gov. Joe Lombardo announced the approval of the funding.

The players

Gov. Joe Lombardo

The governor of Nevada who announced the approval of the $64 million in funding to support attainable housing expansion.

Nevada Attainable Housing Council

The council that approved the funding from the Nevada Attainable Housing Account to spur the development of affordable housing projects across the state.

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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.”

— Gov. Joe Lombardo (kolotv.com)

What’s next

The Nevada Attainable Housing Council will continue to review and approve additional funding for affordable housing projects across the state.

The takeaway

This significant investment in attainable housing demonstrates Nevada's commitment to increasing access to affordable homes and rentals for working families. By reducing barriers and providing financial support, the state aims to make homeownership and quality living more achievable for low and moderate-income residents.