West Owens

1601 Davis Place / 8 & 10 Owens Avenue
North Las Vegas, Nevada 89030
(702) 452-4401
Manager: JoAnn Iles
desertpines@nevadahand.org

Opened in June 2001

17 Total Units (1 and 2 bedrooms)
Nevada HAND acquired the multifamily rental units located at 8 and 10 West Owens Avenue in December 1996. 1601 Davis was acquired in 1997 and substantially rehabbed in 1998. HAND intends to preserve the long-term affordability of these units, which are strategically located across Owens Avenue from both the Salvation Army and the new Mobilized Assistance and Shelter for the Homeless (MASH).

The acquisition and development costs were financed through a variety of public and private partners.
• Acquisition and rehab costs of $265,000 were financed with a seller donation of $95,000.00
• A Federal HOME grant from the City of North Las Vegas for $89,500
• An $80,500.00 mortgage with California Federal Savings.
• In March 1997, HAND was awarded a $92,000 Federal HOME grant from Clark County to pay off the California Federal Savings loan and to begin rehab on 10 West Owens.
• $250,000 in acquisition and rehabilitation costs was financed by the City of North Las Vegas, who provided a $150,000 Federal HOME grant, and 0% interest loan from the State of Nevada Low Income Housing Trust Fund.

This is another example of a private citizen, nonprofit, public agency and a financial institution working in partnership to leverage dwindling federal resources in providing safe, decent and sanitary housing to extremely low income families and individuals.