A slew of barriers block the expansion of affordable housing in Southern Nevada — rising rents, low inventory and private sources sitting untapped while thousands of people on wait lists for public and transitional housing.
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A Nevada nonprofit running the state’s program to help homeowners struggling with mortgages violated its own policies and awarded contracts without competitive bids, the Special Inspector General for the Troubled Asset Relief Program said Thursday.
A Nevada congresswoman asked state officials Thursday to take control of a program that distributes federal funds to assist struggling homeowners because a nonprofit that administers the program is failing to get the money to those in need.
As Nevada grapples to address a massive shortage of affordable housing, state officials fear federal tax reform has stymied a long-standing funding resource.
Nevada homeowners struggling with the housing crisis will lose $6.7 million in federal aid following a new report by a special inspector general for the Troubled Asset Relief Program that found the state is one of the worst participants in the program.
Nevada Housing Division administrator Steve Aichroth highlighted the staggering disparity Tuesday morning during the first 2018 meeting of the Nevada Legislature’s interim affordable housing committee.