Nevada HAND is starting construction on a new affordable-housing complex south of the Strip.
The developer held a ceremonial groundbreaking Monday for Serene Pines, a 281-unit community for low-income seniors. The project, on Serene Avenue just west of Las Vegas Boulevard, is slated to open in 2028.
Serene Pines, located several miles south of the casino-packed resort corridor along Las Vegas Boulevard, will feature a community room, computer lab, fitness center, pool, and other amenities, according to a news release.
Overall, the total development cost is roughly $82.7 million, with funding sources that include $20.6 million from Clark County, the developers said.
Clark County Commission Chairman Michael Naft said in a news release that this marks the largest single investment the county has ever made in an affordable-housing development.
He also noted that many seniors live on fixed incomes and represent “some of our most vulnerable community members.”
With the bulk of its population in the Las Vegas area — where the economy is fueled by tourism, an industry heavy on service-sector jobs — Nevada has long needed an increased supply of affordable housing.
Early last year, the Kenny Guinn Center for Policy Priorities reported that Nevada was grappling with a “severe housing affordability crisis,” as nearly half of the state’s renters were “excessively cost-burdened” and income growth had “lagged far behind housing costs.”
Nevada HAND is the biggest affordable-housing developer in the state, with 37 communities in its portfolio.
Meanwhile, Serene Pines isn’t the only new housing project for low-income seniors that’s underway south of the Strip.
Ovation Development is also building a 194-unit project on Bruner Avenue just west of Las Vegas Boulevard, near the M Resort.
The firm broke ground last year and hopes to have residents start moving there in 2027, chief operating officer Jess Molasky recently said.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342.
