Nevada HAND is starting operation connected a caller affordable-housing analyzable southbound of the Strip.
The developer held a ceremonial groundbreaking Monday for Serene Pines, a 281-unit assemblage for low-income seniors. The project, connected Serene Avenue conscionable westbound of Las Vegas Boulevard, is slated to unfastened successful 2028.
Serene Pines, located respective miles southbound of the casino-packed edifice corridor on Las Vegas Boulevard, volition diagnostic a assemblage room, machine lab, fittingness center, pool, and different amenities, according to a quality release.
Overall, the full improvement outgo is astir $82.7 million, with backing sources that see $20.6 cardinal from Clark County, the developers said.
Clark County Commission Chairman Michael Naft said successful a quality merchandise that this marks the largest azygous concern the region has ever made successful an affordable-housing development.
He besides noted that galore seniors unrecorded connected fixed incomes and correspond “some of our astir susceptible assemblage members.”
With the bulk of its colonisation successful the Las Vegas country — wherever the system is fueled by tourism, an manufacture dense connected service-sector jobs — Nevada has agelong needed an accrued proviso of affordable housing.
Early past year, the Kenny Guinn Center for Policy Priorities reported that Nevada was grappling with a “severe lodging affordability crisis,” arsenic astir fractional of the state’s renters were “excessively cost-burdened” and income maturation had “lagged acold down lodging costs.”
Nevada HAND is the biggest affordable-housing developer successful the state, with 37 communities successful its portfolio.
Meanwhile, Serene Pines isn’t the lone caller lodging task for low-income seniors that’s underway southbound of the Strip.
Ovation Development is besides gathering a 194-unit task connected Bruner Avenue conscionable westbound of Las Vegas Boulevard, adjacent the M Resort.
The steadfast broke crushed past twelvemonth and hopes to person residents commencement moving determination successful 2027, main operating serviceman Jess Molasky precocious said.
Contact Eli Segall astatine esegall@reviewjournal.com oregon 702-383-0342.
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