Nevada - Home Means

Workforce Housing Strategies

There are a wide variety of options to generate more affordable living spaces. While many consider the single family dwelling to be the standard for most families, the fact is that many styles of living are possible, desirable, and workable. There are also other considerations that factor into the cost of living that can be addressed to provide more latitude so that more income is available for shelter.The links below provide basic information.

	Mixed Use Housing	Using In-fill parcels	Transportation
Community Dialogue	Building Costs	Funding Incentives	Financial Literacy
Tax incentives	Land Trusts	Inclusionary zoning	BLM Land/SNPLMA
Down payment assistance and mortgage types	Mixed income	New Urbanism	Wages and Housing
Neighborhood Rehabilitation	Moderating Entitlements	Expanding Housing Types	Other Interesting Ideas

2005 Metro Las Vegas Housing
Fast Facts

Median price of a new home - $309,990
Median price of a resale home - $285,000
Number of active subdivisions - 410
Average price per square foot (detached) - $175.28
Average square footage (detached) -2,223
Average building lot size - 4,500 square feet
(Information based on data for Dec. 2005)

Source: Southern Nevada Homebuilders Association

Housing Definitions

Affordable Housing
Affordable housing is traditionally defined as that for which a family earning 80% of area median income would qualify.

Attainable Housing
Attainable housing is usually considered to be that available to families making 80-120% of area median income.

Workforce
Workforce is defined as employees in the public and private sector who are integral to the economic and social health of the region.

Area Median Income
Area median income is complex formula used to calculate family income.

BLM/SNPLMA
91.9% of land in Southern Nevada is owned by the Federal Government, a significant part is administered by the Bureau of Land Management.

SNPLMA
The Southern Nevada Planning and Land Management Act. Passed by Congress in 1998 governs the release and sale of BLM land in Southern Nevada