Gov. Joe Lombardo and Clark County Commissioner Tick Segerblom were on hand Wednesday as Signature Homes and local officials cut the ribbon on the Richard H. Plaster Bridge at Paradise Trails, a 29-home infill development in central Las Vegas. Not exactly a Strip-sized spectacle, but the small neighborhood was held up as a big early test of Nevada’s latest push to help renters become homeowners. State and builder representatives framed the project as a pilot for combining public funds with private incentives to bring down upfront costs for buyers.
According to the Nevada Governor's Office, the Nevada Attainable Housing Council recommended $800,503 for Paradise Trails in its first round of awards under the Nevada Attainable Housing Account. Statewide, the council approved more than $64 million in funding for a mix of for-sale homes and rental apartments. Full award details and projected timelines are laid out by the Nevada Housing Division.
“Today, we took another major step to make it easier for working families in Nevada to find attainable housing,” Lombardo said in a statement from the Governor’s Office. State officials at the event stressed that AB 540 is meant to pull both public dollars and private commitments into the same lane to speed up homebuilding. They said the awards are structured to reach essential workers and the income tiers often labeled the “missing middle.”
Signature Homes and state representatives said the NAHA allocation at Paradise Trails will be combined with builder-backed interest-rate buydowns and closing-cost assistance to trim buyers’ upfront expenses. As reported by KSNV, that package is intended to bring monthly mortgage payments in line with local rents for many households. KSNV also noted that funds could start flowing to qualified homebuyers as soon as April 1.
How the Nevada Attainable Housing Account Works
The Nevada Attainable Housing Account was created by AB 540 and splits its funding into three main buckets: development opportunities, homeownership programs and a local government matching fund. The Nevada Housing Division’s allocation plan states that the first round supports 358 for-sale homes and 1,208 rental apartments across the state and is projected to leverage other funding at an average ratio of about $11.50 for every NAHA dollar, according to the Nevada Housing Division. The division’s recommendations also outline anticipated financial-close dates and construction schedules for each award.
What Buyers Can Expect At Paradise Trails
Signature Homes is advertising four floor plans at Paradise Trails, with prices starting in the high $300,000s and features that include owned rooftop solar and a smart-home package. The builder’s community materials present Paradise Trails as an infill project near Eastern and Twain, with a private bridge that serves as a dedicated entrance into the neighborhood. Prospective buyers are encouraged to contact Signature Homes and review guidance from the Nevada Housing Division to determine whether they qualify for NAHA-backed assistance.
Where This Fits In Nevada’s Housing Push
AB 540, signed in 2025, created NAHA to address supply gaps and support middle-income households that have had a hard time buying in Nevada’s market. As reported by the Las Vegas Review-Journal, the law broadens eligibility tiers, reserves funding for homeownership assistance and aims to accelerate approvals for qualifying projects. That mix of policy tools and state dollars has drawn attention and debate from builders, housing advocates and labor groups across Nevada.
Officials at Wednesday’s ribbon cutting described the Paradise Trails awards as an opening move, with more NAHA-backed activity expected as the program scales up. For details on floor plans and pricing, Signature Homes keeps an updated community page with sales and model information, and the state’s official award list serves as the public record for how NAHA funds were allocated. Local buyers and real estate agents who want program specifics are being directed to contact the builder or the Nevada Housing Division directly.
