RioSlum Studio

Affordable Nevada Housing Act

This bill creates a comprehensive framework to address housing affordability in Nevada by establishing the Nevada Attainable Housing Account with a $133 million initial appropriation. The bill introduces a new approach to housing support by creating five tiers of "attainable housing" that expand the definition of affordable housing to include households earning up to 150% of the county's median income. Key provisions include creating a Nevada Attainable Housing Council to provide oversight, establishing an allocation plan for distributing funds, and implementing several innovative strategies to increase housing accessibility. The bill provides funding and mechanisms for various housing initiatives, such as competitive loans and grants for housing development, down payment assistance for essential workers, and incentives for local governments to expedite housing projects. Additionally, the legislation includes provisions to support rural areas by creating special licensing pathways for contractors working on attainable housing projects, waiving certain fees, and establishing a process for issuing provisional contractor's licenses in areas experiencing skilled labor shortages. The bill also requires reporting and transparency measures, including annual reports on housing project impacts and the creation of a comprehensive housing database to track housing needs and progress across the state.1