Cortez Masto Secures More Than $6 Million to Address Nevada’s Affordable Housing Crisis
Las Vegas, Nev. – U.S. Senator Catherine Cortez Masto (D-Nev.) today announced that the state of Nevada will receive $6,754,852 in Housing Trust Fund (HTF) grants, more than double what the state usually receives. These grants are a direct result of Cortez Masto’s advocacy during the previous administration, which tried to cut funding for this vital program. With HTF funding, Nevada will be able to build, rehabilitate, and maintain affordable housing for extremely low- and very low-income households, which is why Cortez Masto has consistently led efforts to protect the grant program and deliver its critical funding to Nevada.
“When the Trump administration tried to gut affordable housing funding, I stood up to them and protected it, securing millions in federal dollars to build and rehabilitate low-income housing for Nevada. I’m proud to see the HTF program I protected will now deliver more than double the federal funding we have received in the past, and I will work to make sure Nevadans continue to get the resources they need to find a safe and stable place to live.”
Senator Cortez Masto has been a leader in the Senate promoting affordable housing. She is leading legislation to hold lenders accountable for housing discrimination and recently worked to secure housing provisions in the American Rescue Plan that will provide $30 billion in rental and critical utilities assistance. In recent COVID relief legislation, Cortez Masto has consistently called to increase the supply of new homes, and she cosponsored a change to the Low Income Housing Tax Credit that will provide for an additional 130,000 affordable homes throughout the nation by 2030. She advocated for and secured increased funding for proven programs that build new housing developments, provide rental assistance, aid people experiencing homelessness, provide housing counseling and expand vouchers, and enforce fair housing laws.
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