The Las Vegas City Council gave unanimous approval Wednesday to allocate federal funds to operate three tenant based rental assistance programs. This is the fourth year that the city of Las Vegas has used tenant based rental assistance to prevent homelessness. Tenant-based rental assistance (TBRA) is a subsidy program that pays the difference between fair market rent and what an applicant can afford to pay for rent, utilities and security costs. All three programs give preference to homeless individuals.
To operate the tenant-based rental assistance programs, an allocation of $267,566 will go to Help of Southern Nevada, $60,911 to Catholic Charities of Southern Nevada and $64,501 will go to the Neighborhood Services Department EVOLVE Program.
The funding will come from HOME Investment Partnership/Low-Income Housing Trust Funds (HOME/LIHTF), Community Development Block Grant (CDBG) Public Service funds and Emergency Shelter Grant (ESG) funds.
Qualifying individuals cannot exceed 60 percent of Area Median Income (AMI). A single-person household income may not exceed $25,260; a two-person household income may not exceed $28,860 to meet the qualifications for 60 percent AMI.
The programs will provide up to one year of rental assistance while recipients complete mandatory employment and training activities. Payments are made directly to the landlords and utility companies.
The city of Las Vegas Neighborhood Services Department administered the federal funds allocated for these TBRA projects. For more information on how Neighborhood Services makes great things happen in Las Vegas, visit the city’s Web site at www.lasvegasnevada.gov.
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