News Summary
Las Vegas has officially opened Heirloom at Pebble, a new affordable housing community designed for seniors. This development features 195 units aimed at older adults living on fixed incomes, offering a rent of $1,147 per month. It addresses the urgent need for affordable housing solutions in a city where many elderly residents face financial strain due to high housing costs. With amenities that promote community interaction, this initiative is a significant step towards meeting the housing needs of seniors in the area.
Las Vegas Unveils New Affordable Housing Community for Seniors
A new affordable housing community, Heirloom at Pebble, has officially opened its doors in southeast Las Vegas, marking a significant step in addressing the city’s affordable housing crisis for seniors. The grand opening took place on Tuesday, unveiling a modern community specifically designed for older adults living on fixed and low incomes.
Key Features and Amenities
Located near Eastern Avenue and the 215 Beltway, Heirloom at Pebble features 195 affordable housing units tailored specifically for seniors. The project, developed by Ovation Development, was built at an estimated cost of $48 million. It aims to alleviate some of the stresses associated with housing costs in Southern Nevada, where soaring prices have disproportionately affected elderly residents.
Seniors interested in renting a one-bedroom unit must be at least 55 years old and have an annual income below $42,800, which corresponds to approximately 50% to 60% of the area’s median income. The rent for these one-bedroom units is set at $1,147 per month, with all utilities included, making it a more accessible option for many seniors in the region.
Impact on the Community
As highlighted by recent data from the Regional Transportation Commission of Southern Nevada, over one in three local households are spending more than 30% of their income on housing, a figure that is approximately 20% higher than the national average. This statistic underscores the critical need for affordable housing solutions like Heirloom at Pebble.
The development not only aims to provide cost-effective housing for seniors but also includes a range of amenities designed to foster a sense of community and well-being. Residents can enjoy facilities such as a fitness center, community events, an on-site hair salon, and various multipurpose rooms that promote social interaction among residents.
Funding and Development Partnerships
Heirloom at Pebble is a result of collaborative efforts involving various entities. The project was partly funded by Clark County, the Nevada Housing Division, and the Federal Home Loan Bank of San Francisco, with land contributions made by the Bureau of Land Management. This public-private partnership signifies a concerted effort to develop much-needed affordable housing in the area.
Ovation Development has plans to expand its impact further, with six additional communities either in the planning stages or currently under construction. Another affordable housing community is slated to open in August, reflecting ongoing efforts to provide housing solutions for those in need.
Availability and Future Prospects
Units at Heirloom at Pebble are still available for rent. Eligible seniors can visit the property located at 2325 E. Torino Avenue to tour the units or submit an application. The opening of Heirloom at Pebble stands as a hopeful beacon for many seniors who have struggled to find affordable homes in the ever-growing Las Vegas area, illustrating the ongoing commitment to meeting the housing needs of vulnerable populations.
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Additional Resources
- KTNV: New Senior Affordable Housing Community Opens
- Wikipedia: Affordable Housing
- 8 News Now: Ovation Expands Senior Housing
- Google Search: Affordable Housing Las Vegas
- Review Journal: New Senior Housing Complex Opens
- Google Scholar: Affordable Housing Las Vegas
- News 3 LV: Southern Nevada Top Spot for Affordable Housing
- Encyclopedia Britannica: Housing Crisis
Author: STAFF HERE LAS VEGAS WRITER
LAS VEGAS STAFF WRITER The LAS VEGAS STAFF WRITER represents the experienced team at HERELasVegas.com, your go-to source for actionable local news and information in Las Vegas, Clark County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Electric Daisy Carnival, World Series of Poker, and Consumer Electronics Show. Our coverage extends to key organizations like the Las Vegas Chamber of Commerce and Three Square Food Bank, plus leading businesses in hospitality and entertainment that power the local economy such as MGM Resorts International, Caesars Entertainment, and Las Vegas Sands. As part of the broader HERE network, we provide comprehensive, credible insights into Nevada's dynamic landscape.
