The lack of affordable housing is a growing concern for cities across the country, particularly in southern Nevada; but 783 people are now sleeping easier in their new affordable, quality homes at the Cordero Pines Family Apartments in northeast Las Vegas. Leasing is complete, and the working families of the new apartment community with supportive services have moved into their new homes.
To celebrate the occasion, the partners who made the $42 million affordable apartments a reality joined residents for a ceremonial ribbon-cutting event. Attendees included City of Las Vegas Mayor Carolyn Goodman, housing and finance officials, and the team from Nevada HAND, the nonprofit developer, builder and manager of Cordero Pines.
“Nevada HAND continues to be an amazing community partner in providing affordable housing for our community,” Mayor Goodman said. “Additional housing opportunities are needed in and around our urban core as we continue to grow and build a world-class city.”
Clark County Commissioner Lawrence Weekly, whose district covers the area, said, “Quality affordable housing such as what Nevada Hand has created with the Cordero Pines Family Apartments is critical for working families in our community. They provide housing security for a stable and affordable living environment that in turn also impacts education and healthcare outcomes.”
Cordero Pines rents are based on income qualification from as low as $332 per month up to $1,224 per month. The average monthly rent is around $650.
“Cordero Pines is our 32nd community, and it’s always so rewarding for me and the entire Nevada HAND team to see the impact we have on people’s lives when residents move into their beautiful new homes and realize their future is brighter in being able to provide a good, safe stable home and living environment for their families,” said Michael Shohet, Nevada HAND executive vice president of real estate development. “We especially want to express our appreciation to the Cordero Pines residents who moved into the first building while we we’re completing construction on the rest of the property,” he added.
"We were so happy to find Cordero Pines when we did,” said Shelly and Sergio, parents of three, including one child with special needs. “In addition to affordability, the location is ideal with its access to shopping and features and services needed for Sergio, Jr., who is in a wheelchair. Our kids love the playground and pool, and we appreciate the staff, including security, who take an interest and always ask us how we’re doing.”
Cordero Pines is a gated community with 11 three-story apartment buildings. There are 228 units with two, three or four bedrooms, ranging from 1,135 to 1,574 square feet. Each unit comes with a washer/dryer, dishwasher, ceiling fan, microwave, refrigerator, patio or balcony, and other amenities. Community features include a swimming pool, playground, and clubhouse with a fitness center and computer center with free high-speed Internet.
A hallmark of all Nevada HAND’s communities is the availability of wraparound services and onsite staff to coordinate access to them. “At Cordero Pines, our onsite coordinator helps connect residents with additional community programs and resources that help them increase their monthly income and improve their overall quality of life,” said Shohet. “These types of supportive services include public benefits, food commodity programs, and other financial resources.”
Cordero Pines construction was funded through a combination of Low Income Housing Tax Credit (LIHTC) program partnerships coordinated through Nevada HAND and involving Citi Community Capital, City of Las Vegas, Clark County, FHL Bank San Francisco, Nevada Housing Division, Neighborhood Works America and Raymond James.
Cordero Pines is located at 499 N. Lamb Blvd. For information about Cordero Pines and other Nevada HAND communities for working families and seniors on fixed incomes, visit www.nevadahand.org or call 702-739-3345.
About Nevada HAND
Nevada HAND is the state’s largest nonprofit 501(c)(3) dedicated to the development, management and administration of high-quality homes and supportive services for seniors with fixed incomes and the working families who comprise the backbone of Southern Nevada’s economy. Mike Mullin founded Nevada HAND in 1993 as a nonprofit company, recognizing that by combining his private sector development expertise with underutilized federal resources and an entrepreneurial spirit he could be part of the affordable housing solution. Since then, Nevada HAND has grown into one of the largest and most respected local developers, builders and managers of well-conceived and well-crafted affordable housing that residents are proud to call home. The organization also provides its residents with onsite services related to wellness, school success, workforce development and financial learning, and community engagement, thereby creating opportunities for residents to live well, and for neighborhoods to thrive. More than 7,500 people throughout the Las Vegas metropolitan area live in 32 Nevada HAND communities including two of the only affordable assisted living facilities in Nevada providing 24-hour support to individuals needing a higher level of care. For information, visit www.nevadahand.org or call (702) 739-3345.
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