WASHINGTON, DC – U.S. Senators Jacky Rosen (D-NV) and Catherine Cortez Masto (D-NV) applauded the Department of Housing and Urban Development’s (HUD) announcement that more than $43 million in federal funding to expand access to affordable housing is coming to Nevada. Senators Rosen and Cortez Masto have consistently supported funding for these vital housing programs that help ensure Nevadans can afford a safe place to call home.
“Nevada is facing a housing crisis, and I’m doing everything I can to help lower costs and provide relief to hardworking families,” dijo el Senador Rosen. “I’m proud to have helped secure this funding to increase affordable housing options throughout our state. I’ll keep working at the federal level to also lower costs so owning or renting a home can be more affordable.”
“Nevada continues to experience an affordable housing crisis, and this critical funding I helped deliver will build more housing and provide support for Nevadans across the Silver State,” said Senator Cortez Masto. “I’ll continue to work with the Department of Housing and Urban Development and my colleagues to ensure all Nevadans have a quality, affordable place to call home.”
This critical funding will provide flexible resources to build homes, support renters and homeowners, provide stability to people experiencing homelessness, create jobs, and fund economic development projects across Nevada. The grants are provided through the following HUD programs:
- $23,261,863 from Community Development Block Grants Program, which provides grants to States and local governments to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low- and moderate-income persons.
- $11,218,579 from the HOME Investment Partnership Program (HOME), which helps expand the supply of affordable housing for low- and very low-income families. Since 1992, the HOME program has helped Nevada construct 4,891 affordable housing units and 3,130 rental units, while providing 810 households with homebuyer assistance and 8,831 households with funding for rehabilitation projects.
- $2,034,088 from Emergency Solution Grants (ESG) Program, which provides grants to fund homeless shelters and related services to help those experiencing a housing crisis and/or homelessness.
- $4,227,781 from Housing Opportunities for Persons With HIV/AIDS (HOPWA), which provides stable and permanent housing assistance and supportive services to low-income people living with HIV.
- $3,144,833 from Housing Trust Fund (HTF), which supports existing Federal, state and local efforts to increase and preserve the supply of affordable housing for households in need, including families experiencing homelessness.
Senators Rosen and Cortez Masto have been leaders in the fight to lower housing costs and keep Nevadans in their homes. Senator Rosen recently introduced the Housing Oversight and Mitigating Exploitation (HOME) Act to crack down on housing price gouging by corporate investors who are driving up home prices by buying up housing stock. Rosen also led her colleagues in a letter to Senate appropriators requesting that they fund the U.S. Department of Housing and Urban Development’s Veterans Affairs and Supportive Housing program. Last year, Cortez Masto secured $4.8 million from the Federal Home Loan Bank of San Francisco to support Nevada affordable housing organizations, and cut through red tape to make it easier to build affordable housing across the state. She is also leading legislation to significantly increase the amount of federal funds available for the HOME Investment Partnership Program to build more affordable housing across the country.
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