In a housing market where starter homes can feel like high-roller bets, Clark County is rolling out its Welcome Home Community Land Trust to give low and moderate income Las Vegas area residents a shot at ownership without paying full freight for the dirt under their feet. The new program splits ownership of the house from the land beneath it, which the county keeps in trust, trimming upfront costs and keeping homes affordable when they change hands. County officials say it is aimed squarely at workers and families who have been priced out of the valley’s rising market.
Two projects, two price points
The trust will debut with two developments at different price points. Rebecca Place is a small 30 lot subdivision of single family homes, while Cactus Trails is a much larger neighborhood planned for roughly 210 homes. Rebecca Place is geared toward households earning up to 100 percent of the area median income, and Cactus Trails is targeted closer to 80 percent of AMI. Project partners and county leaders have described the homes as attainable options for the so called "missing middle," including nurses, teachers and public safety workers, according to a post from Clark County on X.
Local lender signs on to finance buyers
To make the unusual ownership structure work with traditional mortgages, One Nevada Credit Union has stepped in as the first lender to finance purchases in the land trust. The credit union has committed roughly 30 loans tailored to the CLT model. Reported terms include 30 year fixed mortgages priced up to 30 basis points below the prevailing 30 year rate, no borrower points, loan to value ratios up to 95 percent and a minimum credit score around 640. The loans will be structured to ensure that the trust’s long term affordability restrictions remain enforceable, according to reporting from KTNV.
Who the homes are designed for
Developers and county officials say the Welcome Home CLT is built for that in between group of households that earn too much to qualify for deep housing subsidies but still cannot quite reach current market prices. Rebecca Place, in particular, has been described as offering larger lots and single story floor plans at prices well below typical market values for comparable homes in the area. Vegas Inc has covered the project and quoted county leaders and developer partners outlining those goals.
Application timeline and contact
The county describes Welcome Home as part of its broader Community Housing Fund and says it expects to open homebuyer applications in the second quarter of 2026. Officials are maintaining program documents and a sign up contact for residents who want updates. Interested locals can request information through the CLT contact email and materials the county has posted. Details and documents are available via the Clark County Community Housing Fund.
Ground leases, resale caps and what buyers should know
The fine print matters here. As the program’s legal documents explain, "You own the house but not the land it sits on. The land is leased from the County." Under the Homebuyer Ground Lease, owners will pay a monthly ground lease fee, agree to a resale formula that caps their returns and requires them to sell only to another qualifying buyer, and face monitoring and limits on pulling out home equity during the lease term. The ground lease also spells out a 99 year term for the affordability requirements and gives the county specific options to purchase and enforce, all detailed in the program’s Homebuyer Ground Lease.
What this means for buyers
For would be buyers who can handle the rules, the CLT setup can significantly lower the hurdle to getting a key to their own front door while keeping the same home attainable for future families. The flip side is that the number of homes is limited, and applicants will still need to clear standard credit checks, save for a down payment and complete required homebuyer education. County materials and local reporting both stress that prospective buyers should read the ground lease carefully, attend mandatory orientations and work closely with program partners to understand how the resale formula and lender requirements will affect them over time. For specifics on underwriting terms and the credit union’s role, see coverage from KTNV.
