If you are a low-income senior and you are looking for a nice and affordable apartment for rent, look no further than Henderson, Nevada. This area has apartments for rent that include spacious one and two-bedroom apartments, extras included as well as utilities, for only $500 to $600 a month.
However, there are some restrictions. Prospective residents are required to be low-income senior citizens that are ok with living at the Smith Williams Senior Apartment Complex, which is conveniently located on city land at Lake Mead Boulevard and Ivy Street in the older area of Henderson.
However, if you are interested in this location, then you better get a move on because even though new renters are not allowed to move in until this week, the 80-unit complex is filling up very quickly. This public-private partnership is the first faith-based supportive housing tax credit project for the Nevada Housing Division in Southern Nevada according to former Las Vegas city councilman Frank Hawkins.
State, county and Henderson officials were already given a private tour of the $20 million complex that was largely financed via private lenders. Rev. Sam Robertson, the pastor of the Henderson Community Baptist Church, was inspired to have his congregation sponsor the entire project when he visited the historic Wheat Street Baptist Church in Atlanta. Wheat Street Baptist stands in the shadow of a 17-story senior apartment complex that was partially built by the church.
Even though it was largely financed by the church, Robertson made it clear that anybody is allowed to rent at the apartment complex, regardless of personal or religious beliefs. The Royal Bank of Canada contributed nearly $10.2 million as an equity investor, taking care of tax credits offered by the Federal Government.
Stearns Bank also helped out, contributing with a $6.9 million loan, and the city did its part by chipping in $1.25 million. Additional contributors include Clark County with a $1 million contribution and the state Housing Division with a $350,000 contribution.
Source: Las Vegas Review Journal – Low-income seniors can find place to call home in Henderson