The NVAR newsletter is a weekly tool that provides our members with current information and the latest updates on real estate news in Nevada and nationally. Watch your inbox weekly for the newest version.
Nevada Real Estate in the News
Nevada Housing Division publishes annual report on multi-family housing affordability
The Nevada Housing Division (NHD) has published its annual report on multi-family housing affordability, Taking Stock: Nevada’s 2015 Affordable Apartment Survey. The statewide report was presented during the Nevada Affordable Housing Forum on April 7 in Reno. The report enables the Division and other stakeholders to direct resources and funding to the areas of greatest need.
The survey focuses on Nevada’s Low Income Housing Tax Credit (LIHTC) properties which account for 24,387 units statewide. The LIHTC program, administered by the Division, allocates Nevada’s share of federal housing tax credits each year to developers for specific affordable apartment communities for seniors, veterans and families. Housing developed with federal and state funds provide social and economic benefit through the creation of jobs as well as a sense of security, hope and community to the residents of those developments. Click here to read more.
NRHA expands down payment assistance options statewide
With national home prices on the rise, the Nevada Rural Housing Authority (NRHA) continues to make affordable housing a priority. It's doing so by expanding its Home at LastTM loan program.
The updated Home at LastTM program includes both government (FHA, VA and USDA Rural Development) and conventional (HFA Preferred) loan alternatives, coupled with granted down payment assistance of up to 5 percent, depending on loan type. These programs are not limited to first-time homebuyers, though there are maximum qualifying household incomes (currently $95,500), as well as home purchase prices (currently $400,000).
Loans are available to homebuyers in rural areas throughout the state. “It’s a common misconception that rural housing is limited to certain areas in Nevada but there are rural areas within every county of the state, really anyplace with populations fewer than 150,000 people,” said Diane Arvizo, Director of Homebuyer Services for Nevada Rural Housing Authority. She pointed out the city of Sparks as an example of a rural community that many people do not identify as rural, due to its proximity to Reno. Get more information here.
Survey says, "Reno, Las Vegas among fittest cities in U.S."
We've heard the scary stats about the state of health in the U.S.–just last week a study reported only 2.7 percent of Americans fulfilled criteria for a "healthy lifestyle" (that is, having 150 minutes of moderate physical activity per week, a diet ranking in the top 40 percent of the USDA's Healthy Eating Index, no smoking, and a moderate fat percentage). While plenty of factors contribute to those 2 percenters' prime health, one might just be location. After all, what's better at holding you accountable for exercise than seeing all your neighbors on top of their workout game?
For National Nutrition Month, a new survey conducted by WalletHub analyzed the 100 most populous American cities based on fitness levels. The company took into account physical activity, diet habits, and obesity and overweight percentages. Click here to read more.