New Clark County Community Land Trust Program to Provide First-Time Homebuyers with Affordable Housing
LAS VEGAS, NV – Clark County has announced the launch of a new, never-before seen program for the municipality: a Las Vegas area Community Land Trust, with the stated goal being to help supply first-time homebuyers with affordable, attainable housing options in Southern Nevada.
County representatives have revealed that 240 homes will be developed for residents whose income levels are considered to be financially challenged. Eligible households must have a combined income ranging between $50,000 and $95,000 annually, which would put them at or below 100 percent and 80 percent of the median income in Clark County.
Those who qualify and who are able to purchase a new, affordable home will fully own it, however, Community Land Trust will retain ownership of the land it sits upon; officials say this arrangement will guarantee that the residences in question will maintain their affordability on a permanent basis, allowing the new homeowners to build equity they can potentially utilize in the future.
Clark County Commissioner Marilyn Kirkpatrick stated that a Community Land Trust is a time-tested program that has proven quite effective over the years in other areas of the country, and that she was excited to see it benefit Las Vegas residents who may be struggling to achieve the American dream of home ownership.
A Community Land Trust is not a new concept, but it is new to Clark County,” she said. “I am thrilled we are able to offer this program at such a critical time, when homeownership seems impossible for so many people.”
The county has scheduled for application submissions to begin in 2026 – an exact start date will be formally announced in the near future – although interested parties will first be required to take part in an informational session to learn the ins-and-outs of the Land Trust process.
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Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management