Affordable Housing For Seniors and Disabled To Be Built With Help From Reid

Washington, DC - January 14, 2009 - (RealEstateRama) – Senior and disabled Nevadans will get a major boost from more than $10 million in grant funding supported by Senator Harry Reid to build affordable housing in southern Nevada.
 
Seventy-two housing units will be created through the grants from the Department of Housing and Urban Development (HUD). Nevada H.A.N.D, Inc., will receive more than $7 million to build 50 units housing low-income elderly Nevadans, and Accessible Space, Inc., will receive more than $3 million to construct 22 units for very low-income disabled Nevadans. Reid supported both projects through the grant process.
 
“The housing situation in Nevada is dire, and the most vulnerable in our community are in desperate need for this type of affordable housing,” Reid said. “I was more than happy to provide my support for these great efforts to help seniors and disabled people who otherwise might not be able to afford to live independently.”
 
Project details follow:
 
Section 202 – Supportive Housing for the Elderly
Project Location: Las Vegas
Non-Profit Sponsor: Nevada H.A.N.D., Inc.
Number of units: 50
Project Description: This is a mixed-financed project with 50 HUD 202 units and 30 Low-Income Housing Tax Credit units. The building will be two-story and wood-framed. The existing zoning and land use approvals are appropriate for the proposed use. Silver Sky Limited Partnership is selling the land to Nevada H.A.N.D., Inc, the non-profit sponsor, for $10 for the specific purpose of developing affordable, low-income housing for seniors.
 
Section 811 – Supportive Housing for Persons with Disabilities
Project Location: Las Vegas
Non-Profit Sponsor: Accessible Space, Inc.
Number of units: 22
Project Description: Accessible Space, Inc.’s proposed 22-unit HUD Section 811 apartment for very low-income adults with physical disabilities will be located on one acre site situated in Bledsoe Lane, Las Vegas, Nevada. The proposed project will consist of one two-story slab on grade, wood frame building with one centrally located elevator. All living units will be designed to accommodate the special needs of individuals with physical disabilities and to maximize visitability of all residents and their visitors.

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