Catherine Cortez Masto

07/16/2024 | Press release | Distributed by Public on 07/16/2024 09:33

Cortez Masto, Rosen Announce $50 Million in Funding For More Affordable Homes in the Las Vegas Historic West Side

Washington, D.C. - Today, U.S. Senators Catherine Cortez Masto (D-Nev.) and Jacky Rosen (D-Nev.) announced that the Southern Nevada Regional Housing Authority (SNRHA) and the City of Las Vegas will receive $50 million in grant funding through the U.S. Department of Housing and Urban Development (HUD) to revitalize and create more middle-class homes at the Marble Manor Apartments in the Historic West Side of Las Vegas. SNRHA is one of six grantees nationwide, and these funds will support community investments in Marble Manor and surrounding areas to improve housing and build job training, child care, sports, and community recreation centers, as well as a community garden and a grocery store.

"Lowering housing costs is among Nevadans' top concerns, and that's why I've been working tirelessly to bring in more resources to Nevada to make housing more affordable," said Senator Cortez Masto. "These funds I secured will help more Nevada families afford their homes and make their neighborhoods safer. I will continue fighting to ensure more Nevadans have a roof over their heads."

"As southern Nevada continues to grow, I've made it a priority to secure federal funding to support responsible development and increase Nevadans' access to quality, affordable housing," said Senator Rosen. "I'm proud to have helped secure millions to help build quality housing and neighborhoods in Las Vegas, and will keep pushing to ensure Nevada continues to receive its fair share of federal funding."

"Southern Nevada Regional Housing Authority (SNRHA) is honored to be selected for this award from the U.S. Department of Housing and Urban Development (HUD) Fiscal Year 2023/24 Choice Neighborhoods Implementation Grant in partnerships with the city of Las Vegas," said Lewis Jordan, SNRHA Executive Director."The value of this additional support cannot be overstated as it helps us to more quickly and efficiently advance of our mission of providing quality housing to those who need it most. And, the residents of Marble Manor will greatly benefit from a comprehensive redevelopment that will significantly enhance their quality of life."

Senators Cortez Masto and Rosen have been leaders in the fight to lower housing costs and support Tribal communities. This year, Cortez Masto secured $9.4 million from the Federal Home Loan Bank of San Francisco to support nine affordable housing developments across Nevada, including Tribes, and cut through red tape to make it easier to build affordable housing across the state. She is leading legislation to significantly increase the amount of federal funds available for the HOME Investment Partnership Program to build more affordable housing across the country. Senator Rosen recently introduced the Housing Oversight and Mitigating Exploitation (HOME) Act to crack down on housing price gouging by corporate investors who are driving up home prices by buying up housing stock.

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