Affordable Home Ownership Housing in Las Vegas

Discussion in 'Other News' started by Chinatown, Oct 20, 2021.

  1. Chinatown

    Chinatown Road Train Member

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    LAS VEGAS (FOX5) -- Clark County commissioners voted unanimously on Tuesday to approve an affordable housing development, bringing the dream of homeownership to lower-income families.

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    In August, the average home price in Southern Nevada reached $405,000, which is unaffordable for many local households.

    A new "for-sale affordable housing development" will be sold to families that earn less than 80% of the area median income, so a family of four could earn about $64,000 dollars a year to qualify.

    It's the first for-sale housing development in Clark County, as previous developments were for rent only. The lot is located in the southwest valley on Cactus Avenue between Rainbow Boulevard and Buffalo Drive.

    "We wanted to make sure it was in an established community with good schools, good transit, we've got the new bus stop here down the road. It's something where people can feel safe," said Commissioner Justin Jones.

    He said he expects that demand for the affordable houses will be dramatically higher than the supply.

    They're still working out a system to select home buyers. He said they're hoping to see significant progress on the development by the end of next year.
     
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  3. buzzarddriver

    buzzarddriver Road Train Member

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    What do they consider "affordable Housing"? Is it an apartment or a $150,000 house. Could there even be a $150,000 house built in Vegas?
    Who would lend a minimum wage worker $150,000 for a house with $0 down?
    These pipe dreams that come from local government are just "good press".
     
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  4. Chinatown

    Chinatown Road Train Member

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    This is a Clark County program, so all that has been worked out.
    There are federal government and state/county government programs to help low income families buy a home.
    A family of 4, with two adults working, should easily make $64,000 combined.
    There's thousands of jobs available here. Many pay well and are union. Amazon, UPS, FedEx are paying $15 - $32 hr. and all the casino's are union scale.
     
  5. buddyd157

    buddyd157 Road Train Member

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    my neighborhood, is loaded with some of the worst dregs of society, and i live in one of my city's "historic area". given that rents here just in my "hood", can be at the very least $2,000 a month, many families cram into that apartment, and split the rental cost.

    i have seen the results of low income, now go and build really nice NEW homes, and allow the deadbeats, drunks, drug addicts into that area....

    that'll certainly bring down the neighboring home values.

    again, i see that crap here.

    tent city out in the woods, is a better option for some.
     
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  6. LameMule

    LameMule Medium Load Member

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    My concern is the "system to select home buyers"

    Lately identity politics seems to be the deciding factor everywhere we turn rather than the merits of the applicant.

    People need to be taught how to fish rather then being hand fed.

    Having compassion is a good thing but in the end I think these programs are far worse for society than intended.

    I think charity is best accomplished on a micro scale by individuals or Churches that can more easily identify people looking to "game" the system.
     
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  7. TheLoadOut

    TheLoadOut Road Train Member

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    That is going to be a wonderful community:confused:
     
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  8. Chinatown

    Chinatown Road Train Member

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    I live in Clark County and looks can be deceiving. 99.99% of the home are cream color stucco with red tile roofs. Hard to know how the neighborhoods are. Have to cruise around during the daylight hours, weekends, night hours, and check out what's going on. What style cars are parked in the driveways. Sometimes around here, while driving around, a beautiful neighborhood changes when the sun goes down. Lots of drug addicts, homeless people, hookers, drug dealers, gangbangers, etc. roaming the streets and sidewalks.
     
    buddyd157 and LameMule Thank this.
  9. TheLoadOut

    TheLoadOut Road Train Member

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    I lived in Vegas for 12 years, it was 11 years too long.
     
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