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Thursday, September 19, 2024

Nevada State Infrastructure Bank discussed investment proposals in affordable housing

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Gov. Sisolak releases a statement in response to the Nevada State Infrastructure Bank's second meeting. | Facebook

Gov. Sisolak releases a statement in response to the Nevada State Infrastructure Bank's second meeting. | Facebook

The Nevada State Infrastructure Bank held a second meeting Jan. 6 to discuss proposals for investing in affordable housing and other priority infrastructure projects to leverage hundreds of millions of dollars of outside capital.

"My team and I are focused on jobs and the economy in 2022 as we continue our recovery from the COVID-19 pandemic, and the State Infrastructure Bank is an integral part of my plan," Gov. Steve Sisolak said, according to a release.

The proposals will also create thousands of high-paying jobs.

"Launching the State Infrastructure Bank is one of the biggest ways we can create good-paying jobs while working to address our state's crumbling infrastructure," State Treasurer Zach Conine said.  

The State Infrastructure Bank kicked off a 30-day comment period to receive public input on a proposed capital allocation plan to support $75 million in forthcoming infrastructure projects. 

Other than this, the meeting also included presentations by Rep. Steven Horsford, the AFL-CIO Housing Investment Trust and the Building and Construction Trades of Northern Nevada.

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