Regional agency absorbs troubled North Las Vegas housing authority

Nevada’s affordable housing efforts have hit a few snags, but folding the North Las Vegas Housing Authority into the larger Southern Nevada agency is supposed to be a move for the better.

In December [the housing authority] folded into the much larger Southern Nevada Regional Housing Authority, a year later than officials originally hoped. The sticking point, the agency’s $3.2 million in debt, was resolved when federal housing officials agreed to forgive $1.9 million the agency lost in a bad investment and allow it to use funds meant for public housing to pay down the rest of the debt.

From the Las Vegas Review Journal.

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One response to “Regional agency absorbs troubled North Las Vegas housing authority

  1. Pingback: Strategic plan unveiled for Southern Nevada Regional Housing Authority | Affordable Housing Report

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