Heirloom at Pebble, a new 195‑unit affordable senior housing community in Las Vegas, opened in May after Clark County secured a five‑acre parcel from the federal government. The development aims to house low‑income seniors and help ease the Las Vegas Valley’s shortage of affordable units.
Built by local developer Ovation, the four‑story community includes 139 one‑bedroom and 56 two‑bedroom apartments reserved for households at 30, 50 and 60 percent of area median income and is age‑restricted to residents 55 and older, according to Ovation. The property lists its address as 2325 E Torino Ave and features a fitness center, on‑site salon, courtyards and community rooms. Ovation began leasing in May and held a grand opening in June.
The roughly $48 million development, excluding the value of the land, was financed through a mix of county, state and federal housing funds, as reported by the Las Vegas Review‑Journal.
Clark County says it provided $10 million from its Welcome Home Community Housing Fund and $1.8 million in HOME funds, with additional support from the Nevada Housing Division and the Federal Home Loan Bank of San Francisco, as per Clark County.
Clark County obtained the parcel through the Southern Nevada Public Land Management Act and transferred the title to Ovation after the Bureau of Land Management conveyed the tract in a formal handover. The conveyance was acknowledged by local and federal officials as part of a broader intergovernmental effort to make urban land available for housing development, according to a press release from the Bureau of Land Management.
As of July, approximately 87 percent of the community’s units had been leased. The development also features a 950-panel rooftop solar array designed to help reduce residents’ energy expenses. The U.S. Department of Housing and Urban Development’s Office of Policy Development and Research highlighted the project in a case study released today, citing it as an example of how the use of federal land can support the advancement of affordable housing, according to HUD PD&R.
Ovation says Heirloom at Pebble is the flagship of its new “Heirloom by Ovation” brand and that the firm has additional public‑land projects in the pipeline, including a Decatur Rome development that broke ground in 2024. Company leaders say they aim to pair market‑style design with deep affordability so seniors can remain connected to services and community, as per Ovation.
How The Land Transfer Worked
The Southern Nevada Public Land Management Act authorizes the BLM to dispose of parcels inside the SNPLMA boundary to state and local governments for projects such as affordable housing, a process the agency explains on its SNPLMA guidance. HUD and the Department of the Interior signed a memorandum of understanding in 2023 to streamline transfers and coordinate reviews, and that MOU alongside SNPLMA helped clear administrative hurdles for Heirloom at Pebble, according to SNPLMA guidance.
