The Coronavirus State and Local Fiscal Recovery Fund provides billions to state, local, and tribal governments to support their response to and recovery from the COVID-19 public health emergency. This profile highlights how one state is using these recovery dollars for affordable housing.
 | Governor Sisolak, federal, local partners formally launch ‘Home Means Nevada’ initiative in Las VegasRead the Press Release
Total Investment: $500 Million
Administering Entity: Nevada Housing Division
Uses of Fiscal Recovery Funds for Affordable Housing in Nevada:
- Capital resource (gap filler) to help finance Housing Credit properties
- Capital resource to finance other affordable rental housing production or preservation (not Housing Credit properties)
- Capital resource to build new for-sale housing
- Down payment assistance
| - Home repair
- Permanent supportive housing
- Veterans housing and/or services
- Other: Land acquisition for future/pending affordable housing
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FRF Leveraging Resources:
- Housing Credit
- HOME
- HOME-ARP
| - Housing Trust Fund
- State funds
- Other: Local jurisdiction FRF
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Related News and Resources |
Learn More: Fiscal Recovery Funds for Affordable Housing
