The Affordable Housing Tax Credit Coalition awarded Rose Gardens in North Las Vegas as a 2019 recipient of the Charles L. Edson Tax Credit Award, recognizing excellence in the affordable housing industry and organizations that have demonstrated especially impactful use of the Low-Income Housing Tax Credit (Housing Credit).
We were honored to have Nevada HAND’s Chief Real Estate Development Officer, Mike Shohet, alongside Southern Nevada Regional Housing Authority executive director Chad Williams to receive the award in Washington, D.C., from Senator Catherine Cortez-Masto. Senator Jacky Rosen was also present to celebrate a Nevada development receiving this national honor.
Announced each year at an event on Capitol Hill that unites members of Congress, business and housing leaders, the award honors Housing Credit developments that are strengthening communities, improving health and boosting economies in urban, suburban and rural areas across the country.
“This year’s Edson Award recipients are among the most innovative developers, investors, builders and facilitators of low-income housing developments nationwide,” AHTCC President Michael Gaber said. “It is important to recognize their commitment and achievements at a time when the need for affordable housing is reaching crisis levels.”
Rose Gardens Senior Apartments, developed by Nevada HAND in partnership with the Southern Nevada Regional Housing Authority, is an independent senior public housing community with 120 affordable homes in North Las Vegas, Nevada. Residents previously lived in a 43-year-old public housing development located across the street from the new development, which had fallen into disrepair. Residents informed the amenities and benefits within their new homes, which aim to combat senior isolationism and provide much needed resources for other issues affecting seniors, such as food instability, medical care, and benefit utilization. Rose Gardens’ amenities include a dog park, music room, library, fitness rooms, and multiple community spaces. The development has a fulltime Resident Services Coordinator who conducts personalized assessments with all residents to determine individual needs, connects residents with resources, and creates opportunities for residents to socialize and build a sense of community.
Since 1986, the Housing Credit has financed more than three million homes for low-income households, including veterans, senior citizens, disabled individuals, and families with children. Virtually no new affordable housing can be constructed without the Housing Credit. Through public-private partnerships, the Housing Credit offers a proven track record of financing safe, decent affordable homes in communities where they are needed most.
“Communities across the country continue to count on the work of organizations like our 2019 Edson Award winners to create affordable homes,” AHTCC Executive Director Emily Cadik said. “Affordable housing is needed in every part of the country.”
For more information about the 2019 Edson Award winners, please visit www.taxcreditcoalition.org.