Nevada dedicates $300 million towards new affordable housing projects

2022-02-21T17:04:00-05:00

The Nevada Housing Division announced Wednesday that $300.7 million will go to the development of affordable housing projects in the state. The money makes up 87% of Nevada’s 2021 tax-exempt bonding authority and is the highest amount earmarked for state-led affordable housing developments since the inception of the state’s tax-exempt private activity bond (PAB) program, according to Department of Business and Industry Director Terry Reynolds.

The program aims to facilitate public and private sector collaboration in financing eligible affordable housing projects. There are currently 14 below-market-rate projects under construction located in Reno, Las Vegas, and North Las Vegas that will bring 2,898 residences by early 2024, with nine set for completion in 2022 and early 2023. The developments will remain at below-market rates for a minimum of 30 years.

A look inside Tesla's growing Gigafactory: "It will blow your mind."

2015-11-19T13:24:00-05:00

Musk had warned me that the scale of the place would be overwhelming. "It will blow your mind. You see it in person and then realize, Fuck, this is big." He was right. It was impossible not to feel awestruck by the sprawling, 71-foot-tall structure stretched out, miragelike, before me as I drove into a shallow canyon. [...] When the Gigafactory is finished, it will be only slightly smaller than Boeing’s Everett, Washington, plant, which is the world’s largest building by volume.

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Nevada dedicates $300 million towards new affordable housing projects

A look inside Tesla's growing Gigafactory: "It will blow your mind."