Real Estate · North Las Vegas
North Las Vegas considers buying an affordable housing complex from Nevada HAND, but some tenants say they had not heard
North Las Vegas is weighing the purchase of an affordable housing complex near Owens Avenue and Interstate 15 using grant money, KTNV reported. Nevada HAND would keep managing it, but some residents said the plan was news to them.
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What happened
The City of North Las Vegas is considering buying an existing affordable housing property from Nevada HAND, according to city documents cited by KTNV Channel 13. Nevada HAND is a nonprofit that develops and manages affordable housing. The complex sits near Owens Avenue and Interstate 15.
City documents describe the goal of the purchase as keeping affordable housing units available in North Las Vegas. The North Las Vegas City Council is expected to discuss the purchase agreement at its Wednesday meeting, KTNV reported.
What the city says about the deal
KTNV reached out to both the city and Nevada HAND to learn how city ownership would help preserve affordable units and what the change could mean for current tenants. The city responded with a statement.
Grant money for housing
In its statement, the city said it plans to use available grant funding that is meant for housing and community services. The city said the aim is to make sure affordable units are maintained in the Las Vegas valley.
Management would stay with Nevada HAND
According to the city documents, Nevada HAND would continue managing the property if the deal goes forward. The city repeated that point in its statement to KTNV: "There will be no change in the management of this property; Nevada HAND will continue to operate."
Not a first in Southern Nevada
The city also said arrangements like this one are not unprecedented in Southern Nevada. It said local jurisdictions may use leases or other arrangements to have another organization manage a property.
What residents told KTNV
Some tenants at the complex said they did not know a change in ownership was being considered. KTNV reported their reactions after telling them about the city's plans.
A longtime tenant caught off guard
Colleen Murray told KTNV she has lived at the complex for nearly seven years and described it as peaceful. She said this was the first she had heard of the proposal. Her neighbor, Leon Sagere, also said he did not know about the proposed purchase.
Questions about what could change
Murray said the news left her "thrown off my square," according to KTNV, and unsure what to think. The station reported that her biggest concern is what happens to the place she calls home.
What the report does not answer
The KTNV report did not include a purchase price, the amount of grant money involved, or the number of units at the complex. It also did not include a response from Nevada HAND or describe whether tenants would see any changes to their leases or rents.
Readers following housing costs and ownership across the valley can find more coverage in our real estate section and in our neighborhoods coverage.
What to watch next
- The North Las Vegas City Council is expected to discuss the purchase agreement at its Wednesday meeting, according to KTNV.
- Whether Nevada HAND responds to KTNV's questions about the proposed sale and what it means for tenants.
- Whether the city explains what the purchase could mean for current tenants, a question KTNV said it put to the city.
