A federal agency plans to sell a five-acre chunk of Las Vegas land at a 95 percent discount for an affordable housing complex for seniors.
The Bureau of Land Management said today it will take public comment until Sept. 16 on its proposal to sell the government-owned property to the Nevada Housing Division for $52,000. The parcel is located at the intersection of Agate Avenue and Kimo Street in the south valley.
The property's appraised market value is $1.04 million, the BLM said. Under the Southern Nevada Public Land Management Act, government agencies can buy BLM-administered land for affordable housing at up to a 95 percent discount.
State officials plan to use the site for a housing development for seniors — age 55 and up — whose income is less than 60 percent of the area’s median income.