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    Clearinghouse CDFI Finances Senior Housing Preservation

  • detail image of project

    Clearinghouse CDFI Finances Senior Housing Preservation

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Sarann Knight Apartments – Las Vegas, Nevada

Clearinghouse CDFI provided a $1.4 million loan to Sarann Knight to refinance a four-story affordable housing development serving low-income seniors in Las Vegas, NV.

Originally built in 2009 under the Low-Income Housing Tax Credit (LIHTC) program, Sarann Knight Apartments offers safe, stable housing and supports aging in place for elderly residents. This refinancing replaces the original LIHTC investor partner, strengthening the property’s financial position and ensuring it continues serving the community for years to come.

In a city where senior housing demand is rising and affordable options remain limited, this investment helps prevent displacement, promotes housing preservation, and supports long-term economic stability for aging residents.

Download the PDF: Just Funded – Sarann Knight Apartments

24NV-7758

Financing Provided:
$1.4 Million Loan
Location:
Las Vegas, NV
Impact:
Clearinghouse CDFI’s loan supports the long-term preservation of Sarann Knight Apartments, an affordable senior housing development in Las Vegas. This investment helps ensure continued access to stable, dignified housing for low-income elderly residents, many of whom face limited options amid rising demand and increasing costs. The project promotes housing stability, prevents displacement, and supports aging in place for seniors in an underserved area.
Purpose:
Preserves affordable senior housing and promote long-term residential stability for aging residents in Las Vegas
Year Funded:
2024
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