Homeownership

Nevada’s senior population is growing, the percentage of residents aged 65 and older ranges from 10.5 percent to 29.8 percent, according to Truckee Meadows Regional Strategy for Housing Affordability. Many of Nevada’s seniors are faced with harsh realities as their homes age along with them, some homes even becoming unsafe or inaccessible.

The featured speaker at Monday's Democratic luncheon will be Elizabeth Mercedes Krause, Democratic candidate for Nevada District 2 of the US House of Representatives. In the June 14 Democratic primary, Mercedes came in first with 47% of the vote out of a field of seven candidate. In the November 8 four-way general election, she will face off against Republican incumbent Mark Amodei as well as Independent American Russell Best and Libertarian Darryl Baber. Early voting begins on Saturday, October 22nd.

Carson City Toyota has presented Richards Crossing, a Nevada Rural Housing Authority affordable housing property, a $1,000 donation to help provide residents household items. Since 1985, Carson City Toyota owners Dick and Mary Campagni have been committed to giving back to the community – for every car sold, a percentage always goes right back into the Northern Nevada community.

Nevada Rural Housing Authority (NRHA) has announced its COVID-19 Emergency Assistance Program, which provides one-time funding to rural Nevada residents experiencing financial hardship due to the COVID-19 pandemic.

The program provides financial assistance to qualifying individuals who are falling behind on their rent, mortgage or utilities.

When purchasing a home, the process and financial requirements can seem daunting. There are many resources specific to our local area that are in place to ensure buyers have success and confidence in their purchase.
Kyle Rush, senior loan officer at Guild Mortgage in Carson City, says the first, most critical step of preparing for home ownership is education, most often by meeting with a knowledgeable loan officer.

CARSON CITY — The Nevada Housing Division’s Home Is Possible programs have helped 21,970 homebuyers realize the dream of homeownership in Nevada since the program launched in September 2014 through calendar year 2019. This number includes 1,497 veterans and active military personnel served by the HIP for Heroes program and 796 Nevada teachers through the HIP for Teachers program.

The US Census defines cost-burdened households as a household that spends at least 35 percent of their monthly income on household costs (including their mortgage, utility bills, property taxes, and other costs associated with homeownership). In other words, cost-burdened households are households that may feel a significant financial strain (or burden) as a result of owning their home.

The Red Hat Society delivered warm bedding and clothing to each of the residents at Richards Crossing in Carson City last week. A local chapter of the Red Hat Society named the “Classy Sassy Bear Ladies” organized a Christmas gift giveaway for the residents. The giveaway, for which planning started over the summer, collected homemade and donated blankets, scarves and socks.

CARSON CITY — Home At Last, a program of Nevada Rural Housing Authority, has kicked off its month-long celebration of National Homeownership Month. Nevada Governor Steve Sisolak has also issued a proclamation for June 2019 Homeownership Month in Nevada.

Hello Carson City and welcome to this first day of the work week, Monday, Feb. 25, 2019. Hang on tight as today will be especially windy, so much so that we are under a High Wind Warning issued by the National Weather Service.

Lena Frias, Nevada Rural Housing Authority's Director of Rental Services, will be the featured speaker at Monday's Democratic luncheon. NRHA's mission is to create affordable housing opportunities in all 15 of Nevada's rural counties and rural areas of Clark and Washoe Counties. It accomplishes this mission through homeownership programs, rental services and community development initiatives.

With home prices rising in many areas of the country, many people are worried that we’re headed for a housing crash like the one we suffered in 2008.

But here’s the thing: it’s just not true. While it’s understandable that people would look at the current market, consider it a “housing bubble,” and assume it’s going to pop, the truth of the matter is the market today couldn’t be any more different than they were before the crash of 2008.

Let’s look at four reasons why we’re not headed for another housing crash:

1. Banks have tightened their lending practices

CARSON CITY — January is National Radon Action Month, and University of Nevada Cooperative Extension’s Radon Education Program is offering free short-term radon test kits to Nevadans from Jan. 2 through Feb. 28. Radon test kits are available at Cooperative Extension offices and partnering locations, as well as at presentations, statewide.

Smart Strategies Workshop for Homeownership, Repairs & Radon, at Adams Hub Studio, 111 W. Proctor Street in Carson City, from 9 a.m. to noon (A collaborative effort with Nevada Rural Housing Authority’s Home At Last Program, USDA Rural Development and the Nevada Radon Education Program).

The free workshop includes information about downpayment assistance, affordable home loans, home repair and weatherization programs, radon risk and mitigation, along raffles, refreshments and free radon test kits.

Pre-register at https://nvhomeowrkshop.eventbrite.com

VIRGINIA CITY — Storey County broke ground Wednesday on a $2.1 million water project to replace a water line originally built in the 1870s. Over 1,450 feet of new water main will be constructed to connect Virginia City to the 5-mile Reservoir.

This Saturday, northern Nevadans can learn what it takes to become a homeowner as the Nevada Rural Housing Authority will host a seminar that gives potential home buyers the tools needed to navigate the buying process.

The USDA will provide more than $5 million in a combination of loan and grant funds to construct a wastewater transmission line from the Pine View Estates development south of Gardnerville to the Minden-Gardnerville Sanitation District, said Anne Hazlett Assistant to the Secretary for Rural Development, in an announced Monday.

CARSON CITY – During its 2018 Annual Conference, the National Association of Local Housing Finance Agencies presented the Nevada Rural Housing Authority with the Single-Family Excellence award in recognition of the Home At Last program.

Are you aware that June is National Homeownership month?

Probably not. Because you’re too busy working to afford the home you live in, whether you rent it or own it.

Why should you care?
If you poke around and read anything you can find about it, you’re being urged to recognize and celebrate the benefits of homeownership.

That seems kind of a weird thing to ask you to do. Do you really have the time or care? What’re you supposed to do, throw a party? Sit alone and contemplate it? Invite some friends out for coffee and chat about it?

Many of our readers have probably not heard of Warrick Dunn, former running back for Florida State University and the National Football League’s Tampa Bay Buccaneers and Atlanta Falcons.

Dunn had a great college career, winning a national championship with the Seminoles in 1993. He followed his college success with a very good twelve-year career in the NFL. He made the Pro Bowl three times, although his successes were overshadowed by the likes of Shaun Alexander, Adrian Peterson, and Corey Dillon.

The Silver State Fair Housing Council awarded its SSFHC HEART Award on Wednesday to Nevada Rural Housing Authority Deputy Director Bill Brewer.

The Reno-Sparks Association of REALTORS® (RSAR) will host “Grand Prix Charity Fundraiser” to benefit Veterans Association of Real Estate Professionals on Oct. 6 from 6 p.m. to 9 p.m., at Need 2 Speed, 6895-B Sierra Center Parkway, Reno.

The Nevada Rural Housing Authority was recognized last Thursday by the National Association of Local Housing Finance Agencies during its 2016 Annual Conference in Dallas, Texas.

NRHA received excellence awards in two categories: the Single-Family Excellence category in recognition of the Home at Last Program, and the Multifamily Excellence category in recognition of the Winnemucca Senior Campus project.

USDA Rural Development and its two close housing partners, Nevada Housing Division and the Nevada Rural Housing Authority on Tuesday celebrated National Homeownership Month with a "Power Hour" to brief real estate professionals on the changes in real estate law resulting from the 2015 Nevada State Legislature and to honor their work to leverage homeownership across the state.

USDA Rural Development and its two close housing partners, Nevada Housing Division and the Nevada Rural Housing Authority on Tuesday celebrated National Homeownership Month with a "Power Hour" to brief real estate professionals on the changes in real estate law resulting from the 2015 Nevada State Legislature and to honor their work to leverage homeownership across the state.

After serving as the Single Family Housing Specialist at USDA Rural Development, Diane Arvizo joins Nevada Rural Housing Authority as Director of Homebuyer Services. In her new role, Arvizo will work on NRHA’s Home at LastTM program, building strong strategic partnerships and providing homebuyers with financial education.

Arvizo brings to the job a diverse background in real estate, financing, loan servicing, and community development, as well as an A-to-Z understanding of the home buying process.

The Nevada Rural Housing Authority is hosting a free Homebuyer’s Expo on Saturday, April 18, from 1 p.m. to 4 p.m. in the Bonanza Room at the Nugget, 1100 Nugget Ave, Sparks.

The Expo is designed to educate prospective homeowners on the process of purchasing a home and ways to prepare for homeownership down the road. There will be presenters from NRHA, USDA Rural Development, Financial Guidance Center, lenders and more.

More than $161 million was invested in rural Nevada in 2014 by the Department of Agriculture's Rural Development agency to support housing, business and community facilities. Since 2009, the rural agency has provided more than $987 million to strengthen rural Nevada’s families and communities.

Lyon County, Nevada was the fastest-growing county in the United States prior to the 2008 economic collapse took one of the biggest hits statewide in the foreclosure crisis. The state overall was one of the hardest hit nationally and the housing market is still in recovery.
A glimmer of hope was seen in 2013, as home values headed up while foreclosure rates headed down, according to a report from the Lied Institute for Real Estate Studies at the University of Nevada Las Vegas.

The Nevada Rural Housing Authority has 2013 Workforce Initiative Subsidy for Homeownership funds available to help first-time homebuyers with the necessary down payment to get into a home of their own, but they must be in contract by March 31, 2014.

In Carson City, the income limits are slightly higher and in Lyon and Churchill counties, they are slightly lower. Income limits can be found here.