RENO, Nev. (News 4 & Fox 11) — Washoe County Commissioners took the next step to establish its Affordable Housing Trust Fund on Tuesday, Feb. 26.
Commissioners heard an introduction and first reading of an ordinance establishing the AHTF.
The county is currently working with Acting in Community Together in Organizing Northern Nevada to address the growing need for affordable housing in the community to be used to "facilitate the supply of housing affordable to low income households."
“Projects like this trust fund should be the purpose of what we do in the county,” remarked Vice-Chair Lucey. “We are getting an outpouring of support, and this will benefit the community as a whole. We look forward to moving this along and look at potential funding sources. This is just another piece of that puzzle, not just for affordable housing, but transitional housing and overall need for the community.”
Washoe County staff has recommended the county work with the Community Foundation of Western Nevada to create the fund and provide oversight for the resources needed.
According to the county, all land and projects able to be funded could be located anywhere throughout Washoe County.
While no funds were identified, the ordinance provides the framework for accepting public funds through the Community Foundation of Western Nevada.
Based on the draft ordinance proposed on Tuesday, commissioners unanimously agreed to introduce the ordinance and schedule the second reading and final adoption for March 26, 2019.