06/02/2026
Brand new, high-quality affordable apartment homes are on the way for local seniors! Nevada HAND broke ground yesterday at Serene Pines, a new 281-unit affordable senior community in South Las Vegas, set to open in 2028.
We have many development partners to thank for making Serene Pines possible. We are especially grateful for Clark County, Nevada's support of Serene Pines — at $20.6M, it represents the single largest Welcome Home Community Housing Fund investment to date! Wells Fargo Corporate & Investment Banking provided essential support through $37M in tax equity and a $42.4M construction loan; Freddie Mac Multifamily provided permanent financing of $12.8M; and Stonehenge Capital provided $3.2M in State Tax Credit equity. The State of Nevada Housing Division's ongoing, invaluable partnership through direct funding and tax credits has been essential to Serene Pines and so many other affordable communities across our state. Finally, we are thrilled that this project broke ground during , as the land acquisition loan for Serene Pines was provided by NeighborWorks Capital!
Thank you to our Nevada HAND leadership and esteemed guest speakers for helping us celebrate this step forward as we all work together to address Nevada's urgent need for more affordable housing.
- Greg McKinley, Chairman of the Board, Nevada HAND
- Audra Hamernik, President & CEO, Nevada HAND
- Susie Lee, U.S. Congresswoman, Nevada's 3rd District
- Michael Naft, County Commissioner, Clark County (District A)
- Duy Nguyen, MBA, CED, Assemblymember, State of Nevada
- Sonny Vinuya (MHA), Southern Nevada Outreach Director, Office of Governor Joe Lombardo
- Amy Wood, Senior Advisor: Southern Nevada, Office of the Nevada Lieutenant Governor
- Hector Lizaola, Regional Representative, Office of U.S. Senator Catherine Cortez Masto
- Carolyn Carr, Office of U.S. Senator Jacky Rosen
- Nia Girma, Affordable Housing Liaison, Nevada Housing Division
Together, we’re building .
NeighborWorks America