$1 Million in ARPA Funds to Build Affordable Housing in Clark County
Industry Update
December 9, 2022
Source: wyso.org
Over the next three years, Clark County hopes to build around 12 homes with the federal money. These homes will be built on land owned by the Clark County Land Reutilization Corporation, also known as the Land Bank.
The Land Bank claims land with foreclosed, vacant, or abandoned buildings that have unpaid property taxes. They then demolish the building and “green” the lot, allowing grass to grow and reclaim the lot.
It’s on these properties that affordable housing will be built.
“The Land Bank will take the funds, [and] build on property where we’ve most likely demolished structures that were previously there,” said the Land Bank’s executive director, Ethan Harris. “Then the goal is to sell them at an affordable rate and provide a down payment assistance.”
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