Tuesday, June 9, 2015 | 10:34 a.m.
CARSON CITY — The state Board of Finance today approved issuing $20 million in revenue bonds to build 168 apartment units for low-income families in Las Vegas.
David Paull, director of real estate development for Nevada Housing and Neighborhood Development, said construction will start in August at the 13-acre site near Lamb Boulevard and Bonanza Road. The development will include a swimming pool, fitness room, library, movie room, dog park and playground.
Construction is expected to take 12 to 18 months. The bonds will be repaid through rental income.
Rent will range from $500 to $700 a month for a two-bedroom unit. Applicants will be accepted on a first-come, first-served basis, Paull said.
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