Cortez Masto Applauds Awards of $1.5 Million for Affordable Housing in Nevada

Press Release

U.S. Senator Catherine Cortez Masto (D-Nev.) announced that the Federal Home Loan Bank of San Francisco awarded $1,570,000 to four affordable housing projects in Nevada, which will go to build or renovate 196 apartments. The funds, which Senator Cortez Masto advocated for, are given out through the Bank's Affordable Housing Program and are awarded through a competitive application process to Bank members working with housing developers or community organizations to create rental or homeownership opportunities for lower-income households.

"I'm glad to see these funds go to organizations working to create housing for seniors, veterans, families, and others in need of a safe and stable place to call home. Nevada already had one of the worst housing crises in the nation before the coronavirus pandemic, and the need is even more acute now. I'll keep fighting in the Senate for legislation that helps Nevadans afford this most basic of human needs."

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