Nevada Capacity Building

According to the National Low Income Housing Coalition, Nevada tops the national list as the state with the highest percentage (21%) of extremely low-income households earning 0% to 30% of area median income who are severely cost burdened, meaning the household spends more than 50% of its income on housing costs, including utilities. 

In 2022, we awarded a $500,000 grant to the Nevada Housing Coalition, a state-wide nonprofit working to address Nevada’s extreme lack of affordable housing, along with the state’s limited infrastructure for its future development. In 2023 we granted an additional $350,000 to support NHC’s important work. 

Nevada Housing Coalition's overarching goals are to build up development resources in the state, grow its affordable housing ecosystem, and better position Nevada to secure and deploy affordable housing dollars from a variety of existing and new sources, including our AHP. Consistent with specific regional needs identified in FHLBank San Francisco’s Targeted Community Lending Plan, the Coalition’s capacity building efforts include delivering critical training to practitioners on the nuances of securing and applying for affordable housing dollars, increasing the state’s affordable housing project pipeline, and ultimately ensuring more housing options for all Nevadans.

The work of the Coalition, which also received early-stage funding from our AHEAD Program, began seeing results in the summer of 2023 when six Nevada affordable housing projects submitted successful applications for a total of $4.8 million in the inaugural competition for grants from our AHP Nevada Targeted Fund. FHLBank San Francisco created this first-of-its-kind state-targeted AHP fund through collaboration with Nevada Senator Catherine Cortez Masto to accelerate solutions to Nevada’s housing shortage.