What Nevada Housing Division does

Nevada Housing Division (NHD) is a state government agency established by the Nevada Legislature in 1975 under NRS 319 as a division of the Nevada Department of Business and Industry. It was created to address a documented shortage of safe, decent, and sanitary housing for low- and moderate-income Nevadans and absorbed the former Manufactured Housing Division in 2017. Over a 40+ year operating history, NHD has built a multi-program platform spanning attainable housing development financing, federal and state grant administration, multi-family affordable housing compliance (including LIHTC and bond financing), manufactured housing regulation, homebuyer assistance, weatherization, and a statewide Housing Database tracking supply, demand, demographics, and CHAS/needs-assessment data.

The Division administers roughly $133 million in Nevada Attainable Housing Account capital and $50 million in Infrastructure Fund bonds under AB540 (2023), plus recurring federal block grants (HOME, HOME ARP, NHTF, ESG, Neighborhood Stabilization) and DOE Weatherization funding. Direct-to-resident programs — primarily the Worker Advantage Program ($20,000 down payment assistance for essential workers targeting 900 households), Home Is Possible NV, and Weatherization Assistance for households at or below 200% of federal poverty — are delivered through NHD's Carson City headquarters, a Las Vegas regional office and manufactured-housing field office, and a three-region nonprofit partner network (CSA in northern Nevada, HELP of Southern Nevada, RNDC in rural Nevada and southern Clark County).

NHD does not earn commercial revenue; it is funded by legislative appropriations and federal grants, operates with 11–50 employees, and distributes capital through developers, partner agencies, and direct household assistance. Leadership comprises Administrator Steve Aichroth, CFO Christine Hess (formerly Executive Director of the Nevada Housing Coalition), Deputy Administrator of Compliance Doug Smith, and Deputy Administrator of Programs Adrienne Babbitt (formerly HUD Nevada Field Office Director).

Name

Nevada Housing Division

Legal name

Nevada Housing Division

Website

https://housing.nv.gov

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

Nevada Housing Division is a Nevada state agency created in 1975 that administers federal and state housing programs — including the $133M Attainable Housing Account, homebuyer assistance, weatherization, and multi-family financing — for low- and moderate-income residents across Nevada.

Ownership category

akta.pro rank

Product category

Affordable Housing Programs

NAICS

Administration of Housing Programs (925110), Other Community Housing Services (624229)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

National Housing Finance Agencies & Ministries (FSALAKAB)

akta.pro secondary industries

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA), Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM), Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE)

Keywords

• Affordable housing programs
• Down payment assistance
• Multi-family bond financing
• Weatherization assistance
• Homebuyer mortgage programs

Headquarters

HQ city

Carson City

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. State Appropriations and Federal Housing Grants: Government division funded through legislative appropriations including the Nevada Attainable Housing Account ($133 million), bond financing ($50 million for infrastructure), and various federal housing program grants including HOME Investment Partnerships, National Housing Trust Fund, Emergency Solutions Grant, and Low-Income Housing Tax Credit administration. Operates as a regulatory and program distribution agency rather than revenue-generating entity.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

The Nevada Housing Division administers state and federal affordable housing programs for Nevada residents, including down payment assistance, multi-family bond financing, low-income housing tax credits, weatherization services, manufactured housing oversight, and grants. It distributes funding through the Nevada Attainable Housing Account ($133 million), Infrastructure Fund ($50 million), and various federal housing programs, delivered directly through state offices and a statewide network of nonprofit partner agencies.

Product overview

The Nevada Housing Division operates as a multi-program platform offering comprehensive housing assistance across Nevada. The core offerings include the Nevada Attainable Housing Account ($133M fund) and Nevada Attainable Housing Infrastructure Fund ($50M bond program) under the Attainable Housing initiative, which target middle-income residents earning 80-150% of area median income. The Division manages multiple grant programs including the Affordable Housing Trust Fund, Emergency Solutions Grant, HOME Investment Partnerships, HOME ARP, National Housing Trust Fund, Neighborhood Stabilization, and Supportive Housing Development Fund. Its multi-family programs include Bond Financing, LIHTC, and Multi-Family Compliance services. The Division also provides direct assistance through homebuyer programs (Home Is Possible NV) offering down payment assistance, the Weatherization Assistance Program for energy efficiency, and maintains a Housing Database with market data and inventory. Supporting services include NVHousingSearch.org (housing locator), the Affordable Housing Advocate, Client Grievance Procedures, and Manufactured Housing oversight. The portfolio is governed by the Nevada Attainable Housing Council and operates under Nevada Revised Statutes.

Differentiator

Problem solved

Functional benefit

Products and services

• Nevada Attainable Housing Account A $133 million state fund established under AB540 to develop housing for low and middle-income residents earning up to 150% of area median income, providing down payment assistance, matching funds for developers, and fee reimbursements.
• Nevada Attainable Housing Infrastructure Fund A $50 million bond program funding infrastructure improvements for attainable housing built in Special Improvement Districts and Special Assessment Districts, helping lower home prices and assessments.
• Affordable Housing Trust Fund State fund providing financial assistance for low and moderate-income housing properties.
• Emergency Solutions Grant (ESG) Federal grant program addressing homelessness through rapid re-housing, street outreach, and homelessness prevention services.
• HOME Investment Partnerships Program Federal program providing formula grants to states and local governments to build affordable housing for low-income families.
• HOME ARP American Rescue Plan Act of 2021 Emergency housing assistance funding provided under the American Rescue Plan Act for homeless prevention and housing assistance.
• National Housing Trust Fund (NHTF) Federal program providing grants to states for production and preservation of affordable housing for extremely low-income households.
• Neighborhood Stabilization Program (NSP) Federal grants to help communities recover from foreclosures and abandoned properties.
• Supportive Housing Development Fund State fund supporting development of housing for persons with special needs including homeless individuals and families.
• Multi-Family Bond Financing Tax-exempt bond financing for developers to construct or rehabilitate multi-family affordable housing projects.
• Low-Income Housing Tax Credit (LIHTC) Federal tax credit program incentivizing developers to create affordable rental housing, with a Qualified Allocation Plan for Nevada.
• Weatherization Assistance Program Energy efficiency program helping income-qualified families lower utility bills through home improvements including air sealing, insulation, LED lighting, and HVAC upgrades. Available for households at or below 200% of federal poverty level.
• Housing Database Comprehensive statewide database tracking low-income housing supply and demand, including market data, housing needs assessments, demographic data, and subsidized housing inventory.
• NVHousingSearch.org Online housing locator service and call center helping residents find affordable housing options across Nevada.
• Homebuyer Programs (Home Is Possible NV)
• Worker Advantage Program $20,000 down payment assistance program for essential workers including healthcare, education, public safety, and construction professionals seeking to purchase a primary residence in Nevada. Aims to help 900 households achieve homeownership on a first-come, first-served basis.
• Manufactured Housing Division Services Regulatory oversight of the manufactured housing industry including permits, inspections, titling, and resident protections. The Manufactured Housing Division merged with NHD during the 2017 Legislative Session.
• Affordable Housing Advocate Advocacy service helping underserved populations including seniors, veterans, disabled persons, and those with low to moderate incomes connect with housing resources. Also assists residents with complaints regarding affordable housing units.

Quantifiable outcome

• Target of 5,000 homes to be built under $133M allocation
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Nevada Attainable Housing CouncilcoreStrategic or Co-development Partner · 1 January 2023Council established to oversee the Nevada Attainable Housing Account and advise on allocation of $133 million in housing funds. Council members include housing stakeholders and industry experts convened by Governor Lombardo as part of the Housing Task Force.
• Local GovernmentsminorStrategic or Co-development Partner · 1 January 2023Local governments receiving matching grants for committing to increase attainable housing supply under the Nevada Housing Access and Attainability Act. These partnerships help leverage state funds with local development initiatives.
• Governor Joe LombardocoreStrategic or Co-development PartnerGovernor signed AB540 (Nevada Housing Access and Attainability Act) into law, appropriating $133 million for the Nevada Attainable Housing Account and $50 million in bonds for infrastructure. Governor's Housing Task Force included Division leadership and housing stakeholders.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Freddie Mac: Federal GSE supporting affordable housing finance including multifamily programs. Comparable as a major federally-sponsored housing credit institution with related affordable housing focus.
• USDA Rural Development: Federal agency administering rural housing loans, grants, and rental assistance programs. Overlapping mission in providing affordable housing assistance to low-income households through federal-state partnerships.
• Fannie Mae: Federal government-sponsored enterprise providing liquidity to the U.S. mortgage market including affordable housing programs. Broad incumbent operating at national scale with overlapping affordable housing mission.

Direct peers

• Arizona Department of Housing: Arizona's state housing agency administering federal HOME, LIHTC, and state housing trust funds. Regional peer with similar programs targeting affordable housing in a high-growth Southwestern state.
• California Housing Finance Agency (CalHFA): California's state housing finance agency administering down payment assistance, multifamily development loans, and federal housing programs. Directly comparable as a state-chartered HFA delivering affordable homeownership and rental housing programs.
• Oregon Housing and Community Services: Oregon's state housing agency administering federal block grants, LIHTC, weatherization, and multifamily financing. Comparable in scope and program mix to Nevada Housing Division.
• Texas Department of Housing and Community Affairs: Texas state housing agency administering federal housing programs, multifamily bonds, and homebuyer assistance. Comparable as a large state housing finance agency with comprehensive program portfolio.
• Massachusetts Housing Partnership: Massachusetts state public agency financing affordable rental housing and providing homebuyer assistance. Comparable as a state-chartered entity focused on affordable housing finance.
• Washington State Housing Finance Commission: Washington state's housing finance commission issuing tax-exempt bonds and administering affordable housing programs. Comparable as a state-level bond-issuing HFA serving low- and moderate-income residents.
• Colorado Housing and Finance Authority (CHFA): Colorado's state housing finance agency offering down payment assistance, mortgage programs, and multifamily financing. Directly comparable in mission, structure, and program portfolio to Nevada Housing Division.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/nvhousing
• Facebookfacebook.com/nvHousingDivision
• LinkedInlinkedin.com/company/nvhousing

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Nevada Housing Division