Apply for Grants > 18% Set-Aside (for Affordable Housing & Education)
The Redevelopment Agency 18 percent Set-Aside is a funding source introduced through the Nevada state legislature in 1993, which requires redevelopment agencies of cities with populations of 300,000 or greater to set aside not less than 9 percent of its tax revenue to increase, improve and preserve affordable housing in the community for low-income households. In addition, 9 percent of the funds are set aside to improve or increase the number of educational facilities located within one mile of a redevelopment area.
The city uses the Request For Proposal process to encourage nonprofit developers, and/or partnerships among nonprofit and for-profit developers, to increase the city’s supply of multiple-family and single-family affordable housing units.
The city also continues to explore opportunities to invest the Redevelopment Agency’s 9 percent educational set-aside funds for the improvement of existing, or development of new, educational facilities.