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Friday, August 1, 2025 at 10:00 PM

County Supports Affordable Housing Bond Transfer for NRHA Project​ - Pershing County advances rural housing efforts

County Supports Affordable Housing Bond Transfer for NRHA Project​ - Pershing County advances rural housing efforts

At the July 16 Pershing County Commission meeting, councilmembers voted to support a bond cap transfer request from the Nevada Rural Housing Authority (NRHA), for the purpose of making affordable housing more available to low- and moderate-income families in rural Nevada.

The 2025 Private Activity Bond Cap refers to the county’s share of the state’s volume cap on tax-exempt bonds, which can be allocated to support qualified housing and infrastructure projects. In this case, the county’s unused bond authority is being transferred in the amount of \$346,955.08.

“The bond cap isn’t money. It’s a federal allocation to issue tax-exempt bonds to fund qualified housing initiatives like our home ownership program. It doesn’t affect your local budget,” said Katie Coleman, NHRA’s director of communications.

Since June 2024, “the rural home ownership program has assisted 21 homebuyers with \$6.8 million in mortgages,” Coleman said.

Statewide, the NHRA’s new Launchpad program, initiated last summer, has provided homeowners with below-market interest rates of 6.17 percent, with 51 lender partners participating in the program, providing \$25 million in mortgages to 79 families having an average household income of \$77,218, according to the documentation.

The NRHA also provides rental assistance to 1,300 renters statewide every year, Coleman said.

NRHA’s programs are available throughout Nevada in all communities with a population of less than 150,000 residents.

For further information about the NRHA’s programs, log onto NVrural.org.

 

 

 

 

 

 

 

 

 

 

 

 


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