News Summary
The Buffalo Cactus Senior Apartments have officially opened in southwest Las Vegas, providing affordable housing for seniors amid a housing crisis. Developed by Nevada HAND, the complex offers 125 units with rental prices starting around $1,100 per month, which is below the city’s average. This initiative aims to address the urgent need for affordable housing for seniors, with various amenities to enhance residents’ living experiences.
Las Vegas – Buffalo Cactus Senior Apartments have officially opened in southwest Las Vegas, aiming to provide affordable housing for seniors amid the ongoing housing crisis. Developed by Nevada HAND, the largest affordable housing developer and manager in Nevada, the complex features 125 units with rental prices starting at approximately $1,100 per month, which is below the average rental cost in Las Vegas.
Clark County Commissioner Justin Jones highlighted the importance of this development, emphasizing the need for families to have a beautiful community to visit their elderly relatives. The project responds to a critical situation, as Nevada ranks at the bottom nationwide for available and affordable rental homes, according to the National Low Income Housing Coalition.
In Nevada, nearly one-third of households classified as extremely low income are seniors, making the demand for affordable housing particularly pressing. The situation is exacerbated by the staggering statistic that Nevada HAND receives about 2,000 calls daily from individuals seeking affordable housing. The completion of Buffalo Cactus Senior Apartments is a significant step towards addressing these urgent needs.
The funding for the Buffalo Cactus project came through public and private partnerships, with nearly half of its budget supported by state and county resources. The president and CEO of Nevada HAND noted the project will provide seniors with a stable and dignified living situation, thus contributing to a better quality of life.
In a wider effort to alleviate housing shortages, Nevada HAND has more than 1,800 additional units currently in development. This includes a large 240-unit project specifically for families called Southern Pines. These initiatives are part of a concerted effort to ensure that adequate housing is available to all, particularly vulnerable populations such as seniors.
The Buffalo Cactus Senior Apartments also feature various amenities designed to enhance residents’ living experiences. These include laundry facilities, a dog park, a garden, a pool, a spa, and a library. Such amenities are beneficial for creating a vibrant community where seniors can thrive and enjoy their golden years.
To qualify for a unit in Buffalo Cactus, applicants must earn between 30% and 60% of the Las Vegas average median income, translating to an annual income range between $21,450 and $42,840 for a single person. The rent for these apartments will vary based on the tenants’ income, with prices ranging from approximately $573 to $1,377 per month. This income-based renting system is designed to ensure that housing remains attainable for low-income residents.
The necessity for affordable housing in Las Vegas is further underscored by the experiences of new residents, many of whom encounter long waiting times due to the scarcity of affordable options. This development forms part of the larger conversation around housing stability and affordability across the state, aligning with statewide efforts including the Governor’s bill AB 540, which allocated more than $100 million for building attainable housing across Nevada.
The opening of the Buffalo Cactus Senior Apartments represents a crucial effort in the ongoing fight against the housing crisis in Las Vegas, all while offering a stable environment for seniors who need it most. As the demand for affordable senior housing continues to rise, developments such as these are essential in addressing an urgent societal concern.
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Additional Resources
- News 3 LV
- Wikipedia: Affordable housing
- Fox 5 Vegas
- Google Search: Las Vegas affordable housing
- KTNV
- Google Scholar: affordable housing Las Vegas
- Review Journal
- Encyclopedia Britannica: affordable housing
- 8 News Now
- Google News: Nevada affordable housing
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