60°F
weather icon Mostly Cloudy

Single mom gets new home from Habitat, Bank of America

On Oct. 4, Bettina, a single mother of four and a Las Vegas resident since 1980, received the keys to her new Habitat for Humanity home during a moving ceremony that included friends, family and executives from Habitat for Humanity Las Vegas and Bank of America.

The home was funded by combined donations from community partners, including $200,000 from Bank of America’s Neighborhood Builders Award.

The ceremony was part of the sixth annual Global Build, a weeklong event that engages Habitat for Humanity chapters and Bank of America employees to help build affordable homes and revitalize communities in 90 communities across six countries. The build also was part of the largest project in Habitat for Humanity Las Vegas’ 28-year history in Southern Nevada. Located in the Pittman community of Henderson, the home is the third of 20 single-family attached Habitat for Humanity homes to be completed over the next few years.

According to the latest Greater Las Vegas Association of Realtors report, home prices in Las Vegas are nearing an all-time high, with the median sold home price reaching $310,000 in September. B

Bettina’s journey to homeownership wasn’t an easy one. She was in an abusive relationship for many years and eventually became homeless. She struggled to find permanent employment and held various jobs through temp agencies in order to provide for her children. One day, she worked up the courage to leave the abusive situation and sought refuge through a local domestic violence shelter. Through this resource, Bettina was able to secure an apartment through subsidized housing.

As Bettina gained more stability for herself and her children, she was able to secure permanent employment with a large company. This afforded her the opportunity to take steps toward making her dream of homeownership a reality. She was referred to Habitat through a friend and began the application process.

Bettina’s new goal is to one day go back to school to become a medical assistant.

Habitat for Humanity Las Vegas homes are sold at no profit and with a zero-interest mortgage to local families. They invest over 300 hours of sweat equity to help build Habitat homes, including the one they will eventually purchase. The homeownership program also includes financial literacy classes and other support. For more information on Habitat for Humanity, visit lasvegashabitat.org.

Don't miss the big stories. Like us on Facebook.
THE LATEST
California transplants favor Henderson or Summerlin

A natural destination for Californians, Las Vegas offers what potential buyers are searching for: lower taxes, luxurious secure high-end communities, breathtaking views and incredible lifestyle amenities.

Fitness a way of life in Summerlin

Some of Summerlin’s many special events are also geared toward healthy activities, including Tour de Summerlin — an annual cycling event that offers 40-, 60- and 80-mile courses through the scenic community and nearby Conservation Area; and the Summerlin Half Marathon, both scheduled to start and end at Downtown Summerlin this year on April 23. More information about these events is forthcoming.

Pulte to open Talvona at Skye Hills in northwest

Pulte Homes has announced the grand opening of four, professionally decorated model homes at Talvona at Skye Hills, a walking-friendly, gated community in a northwest Las Vegas location, just an easy drive from great local retail, dining and many of the area’s most popular recreational opportunities.

Homebuilder sales hit highest mark since 2006

Despite rising prices, Las Vegas homebuilders sold their highest number of homes since 2006 but shortages in labor, materials and land will continue to put a cap on growth in 2022 despite strong demand, industry insiders say.

Summerlin ranks No. 3 in nation for fourth straight year

Summerlin, a development of The Howard Hughes Corp., has ranked No. 3 for the fourth year in a row on RCLCO’s national report of new home sales in 2021. Summerlin is once again the highest-ranking master-planned community in Nevada on the annual list, showing an increase in yearly home sales of over 13 percent, with 1,619 new homes sold in 2021.

REAL ESTATE BRIEFS: JAN. 8

Commercial Real Estate Women (CREW) Las Vegas has announced its new board for the 2022-23 term.

Summerlin marks another year of record home sales

The year 2021 was another one for the record books for The Howard Hughes Corp. and its Summerlin master-planned community with a number of milestone developments that include continuing evolution and growth of Downtown Summerlin as the community’s urban core and one of the valleys most popular dining/retail/entertainment/sports destinations, record home sales via the nation’s top homebuilders, expansion into Summerlin West — the newest area under active development, and the addition of new major amenities throughout the community.

Richmond American opens Bel Canto in Cadence

Cadence, a 2,200-acre master-planned community in Henderson, continues its growth, adding a new neighborhood by Richmond American Homes.

REAL ESTATE BRIEFS JAN. 1

Newmark 1 sells Lyric Apartments for $135.2M

Three tips for finding the right mortgage

While dramatically low mortgage rates made it possible for many first-time homebuyers to purchase a home this year, rates have started to rise and experts expect they’ll increase further in 2022. Higher rates will increase monthly mortgage payments, tightening budgets for the 48 percent of Las Vegas homebuyers who have been saving for a new home for one to three years.