2023 Ideas Challenge Entry
At the beginning of 2023, Las Vegas City Councilmember Brian Knudsen and the Las Vegas City Council adopted an ordinance formalizing incentives for affordable housing. This created a process by which incentives can be offered to all developers during the application process. Incentives help to offset rising costs, stretch funding received for affordable housing from the state and federal government, and take risks associated with uncertainty away from developers and developments. Incentives include: expedited plan reviews, density bonuses, height bonuses, and permit fee reductions, which are all tied to a percentage of units being set aside as affordable.
Impact:
The city expects to see similar results to these incentives seven in peer cities (Austin, Denver, Virginia Beach, Nashville, Sacramento, Seattle, and Orlando), which resulted in 5% affordable housing units to total units built.
https://newdealleaders.org/wp-content/uploads/2024/10/clay-banks-BY-R0UNRE7w-unsplash-1.jpg
1024
1280
Rachel Walsh
http://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd.png
Rachel Walsh2024-11-07 01:14:022024-11-07 01:14:47NewDEAL Statement on Presidential Election: The Voters Have Spoken, and the Work Continues, Says NewDEAL CEO Debbie Cox Bultan
https://newdealleaders.org/wp-content/uploads/2020/01/anchia.jpg
326
300
Rachel Walsh
http://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd.png
Rachel Walsh2024-11-04 17:27:262024-11-04 17:27:26Reproductive Rights Are a Five-Alarm Fire. State Legislators Must Act.
https://newdealleaders.org/wp-content/uploads/2022/12/Brinks-e1676314468480.jpg
456
500
Rachel Walsh
http://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd.png
Rachel Walsh2024-11-04 17:25:452024-11-04 17:25:45Opinion: The Inflation Reduction Act is helping us build a stronger, cleaner Michigan
https://newdealleaders.org/wp-content/uploads/2021/05/Smathers.jpg
1239
1239
Rachel Walsh
http://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd.png
Rachel Walsh2024-11-01 18:00:012024-11-01 18:00:01Perseverance and Patriotism in Western North Carolina as Election Approaches
