The lack of affordable housing is a growing concern for cities across the country, particularly in southern Nevada; but 783 people are now sleeping easier in their new affordable, quality homes at Nevada HAND’s Cordero Pines Family Apartments in northeast Las Vegas. Leasing is complete, and the working families of the new apartment community with supportive services have moved into their new homes.
To celebrate the occasion, the partners who made the $42 million affordable apartments a reality joined residents for a ceremonial ribbon-cutting event. Attendees included City of Las Vegas Mayor Carolyn Goodman, housing and finance partners, Las Vegas Metro Chamber of Commerce representatives, and the team from Nevada HAND, the nonprofit developer, builder and manager of Cordero Pines.
“Nevada HAND continues to be an amazing community partner in providing affordable housing for our community,” Mayor Goodman said. “Additional housing opportunities are needed in and around our urban core as we continue to grow and build a world-class city.”
Cordero Pines rents are based on income qualification from as low as $332 per month up to $1,224 per month. The average monthly rent is around $650.
“Cordero Pines is our 32nd community, and it’s always so rewarding for me and the entire Nevada HAND team to see the impact we have on people’s lives when residents move into their beautiful new homes and realize their future is brighter in being able to provide a good, safe stable home and living environment for their families,” said Michael Shohet, Nevada HAND executive vice president of real estate development. “We especially want to express our appreciation to the Cordero Pines residents who moved into the first building while we we’re completing construction on the rest of the property,” he added.