Before any federal housing assistance funds can stream into Las Vegas, the nonprofit organization handling nearly $103 million from the U.S. Treasury has to increase staffing.
Nevada Affordable Housing Assistance Corp. is taking online applications for an underwriter supervisor in Las Vegas and an underwriter in Las Vegas and Reno. The website also listed position openings for an accountant, analyst and receptionist after the Treasury announced last week it would be releasing the money.
The funding is part of $1.5 billion from the Emergency Economic Stabilization Act going to the hardest-hit states in the foreclosure crisis. The money will help qualified homeowners by subsidizing mortgage payments, reducing principal balances on homes with negative equity, settling second liens and providing incentives for short sales and deeds in lieu of foreclosure.
The program won't help those hurt the most by the fall in Las Vegas home prices. People must have purchased their homes before Jan. 1, 2005, several years before the housing bubble burst in Las Vegas, to be eligible.
A screening questionnaire and information on other programs can be found at www.nahac.org.
Contact reporter Hubble Smith at firstname.lastname@example.org or 702-383-0491.