Council Approves Contracts On Three Affordable Housing Projects

Reno NV

29 March, 2022

12:03 AM

Description

Press release from the City of Reno: March 23, 2022 At the March 23, 2022 regular meeting of the Reno City Council, Council approved contracts on three significant affordable housing projects. These include Dick Scott Manor, Village on Sage Street 2.0, and the purchase and renovation of the Hi-Way 40 Motel. "I'm incredibly proud to see these affordable housing projects advance one step further," said Reno Mayor Hillary Schieve. "Our Reno City Council and residents expressed the importance of directing a significant portion of Reno's American Rescue Plan Act funding towards affordable housing, and it's exciting to see this vision turned into a reality for our community." First, Council approved a contract with Volunteers of America Northern California & Northern Nevada (VOA-NCNN), allocating $2 million of American Rescue Plan Act (ARPA) funding toward the purchase and renovation of the 35-unit Hi-Way 40 Motel located at 1750 East Fourth Street. The existing rooms will be converted to one-bedroom or studio living quarters with kitchenettes. The rooms are approximately ⅓ occupied right now, but no one will be relocated for renovations. Current occupants can remain. Council also approved a contract with the Community Housing Land Trust, allocating $2.5 million of ARPA funding to be used for the development of 96 additional units at The Village on Sage Street. The modular dormitory housing expansion project is being called "Village on Sage Street 2.0." The Community Housing Land Trust is managed by the Community Foundation of Northern Nevada. The Village on Sage Street projects provide housing for low-income individuals and are a collaborative effort between the City of Reno, Community Foundation, and VOA-NCNN. Lastly, Council approved a contract with Reno Housing Authority, allocating $3 million of ARPA funding to support the new construction of Dick Scott Manor. This project will create 12 studio and one-bedroom units for veterans with incomes at or below 30 percent of AMI. Affordable housing remains a top priority for the Reno City Council. Other recent initiatives include an affordable housing fee reduction in sewer connection fees for the Vintage at Washington Station Senior Apartments; an affordable housing fee reduction in building permit and sewer connection fees for the Orovada Street Senior Apartments; and the allocation of ARPA funds to the Reno Housing Authority (RHA) for the purchase and/or rehabilitation of the Bonanza Inn. Visit the City of Reno's Story of Housing to learn more about the ongoing work being done to help maintain and create affordable housing across the City. This press release was produced by the City of Reno. The views expressed here are the author's own.