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    $3.82 Million in Financing from Clearinghouse CDFI Helps Create 56 Units of Affordable Housing

  • detail image of project

    $3.82 Million in Financing from Clearinghouse CDFI Helps Create 56 Units of Affordable Housing

  • detail image of project

    $3.82 Million in Financing from Clearinghouse CDFI Helps Create 56 Units of Affordable Housing

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Veterans Village 4

SHARE Village (SHARE) is a Las Vegas nonprofit organization dedicated to the creation and development of affordable housing. SHARE provides transitional and permanent homes for United States Veterans and their families. Comprehensive services include medical and mental health, employment referrals and placements, and community food pantry programs.

Clearinghouse CDFI provided $3.82 million in financing for SHARE to acquire and redevelop an existing motel into affordable multi-family housing.

Motel redevelopment will create 56 affordable apartment homes in a low-income area of Las Vegas where the poverty rate is 43% and the unemployment rate is 17%. These homes will serve eligible low- and moderate-income Veterans, individuals, families, and seniors earning <=120% AMI.

Download the PDF: Just Funded by CCDFI – Veterans Village 4 – 2021

21NV-4709

"Thank you, we LOVE Clearinghouse CDFI!"
- Arnold Stalk, PhD, Founder - SHARE Village Las Vegas
Financing Provided:
$3.82 Million
Location:
Las Vegas, NV
Impact:
Creates 56 unites of affordable, multi-family housing in an area where the poverty rate is 43% & unemployment is 17%.
Purpose:
Acquisition and development of existing motel into affordable, multi-family housing for low- and moderate-income Veterans, individuals, families, and seniors earning <=120% AMI.
Year Funded:
2021
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