Silver Pines Apartments

6650 E. Russell Road
Las Vegas, NV 89122
(702) 730-0035
Manager: Rick Damian
silverpines@nevadahand.org

Opened in January 2003

200 Total Units
• 46 one bedroom apartments
• 108 two bedroom apartments
• 46 three bedroom apartments
• Gated community with private access
• Fitness Center and Pool
• Computer Center with Internet Access
• On-site day care facilities/Latchkey Center
• On-site Laundry Facility and Garages Available
• Community room w/ Kitchen and Entertainment Room

Units are targeted to very low-income multi-family households
• 11 units for households earning less than 50% area median income
• 100 units for households earning less than 60% area median income

The development costs were financed through a variety of public and private partners
• The State of Nevada issued the tax Exempt Bonds of $11,800,000
• LIHTC Tax Credits provided by the Related Capital Company
• Clark County provided $407,978 in Federal HOME funds
• Nevada State Bank provided construction financing
• Fannie Mae provided the credit enhancement through ARCS Mortgage