LAS VEGAS (KLAS) – An affordable housing estate broke ground on Monday in north Las Vegas. Lake Mead West Apartments is a 156 unit near the Texas train station.
“Quality, affordable housing is a pressing need in southern Nevada and Lake Mead West Apartments will be a much-needed community in northern Las Vegas,” said Hassan Chaudhry, director of Foresight Companies and developer of Lake Mead West Apartments. “Creating a project that is a true public-private partnership for the benefit of our working families requires intensive collaboration between numerous agencies and institutions, but is well worth the hard work for the benefit of the community.”
According to the developer, the complex will have one-, two- and three-room apartments with rents below the market price. Market rents in the region currently start at $ 900.
“Affordable just means someone has the option to pay less rent. it doesn’t mean the build quality is somehow low, ”said Chaudhry.
The $ 31.5 million complex will have 156 units, a dog park, and a grill. It will also offer wrap-around services that include access to affordable health care, a pantry, after-school programs for students, social services, computer / internet workstations and a play area for children.
The project is a public-private partnership with the City of North Las Vegas, the Nevada Housing Division, Foresight Companies, and a private investor called Red Stone.
It should be ready in spring 2023.
