South of the neon and noise of the Las Vegas Strip, a very different kind of project is quietly going vertical in Henderson. Sunrise Ranch, a new affordable-housing complex, is under construction and slated to bring 144 income-restricted apartments to a stretch of Boulder Highway that is seeing a surge of new development. Developers are aiming to open the doors to residents in late 2026.
The Las Vegas Review-Journal's Business 7@7 segment recently caught crews at work at the site on May 20, 2026, showing framing and grading underway. As reported by the Las Vegas Review-Journal, the project, known as Sunrise Ranch, is being built by Nevada HAND. The nonprofit says it broke ground in March 2025 and plans to reserve up to 60 of the apartments for young adults who are aging out of foster care and need a stable landing spot.
What the development will include
According to the City of Henderson, Sunrise Ranch is designed as a family-focused community, with a mix of one-, two- and three-bedroom apartments among its 144 units. On the ground, it will feel more like a small neighborhood than a simple apartment block, with a clubhouse, computer lab, fitness center, playground and outdoor recreation areas built into the plan.
The site sits at the eastern corner of Boulder Highway and South Broadbent Boulevard, a location city officials highlight for its access to transit routes and nearby social services. Henderson also notes that the community will be smoke-free and will offer on-site resident services, a combination meant to support long-term housing stability rather than just provide a roof and four walls.
How the project is funded
Nevada HAND pegs the total cost of Sunrise Ranch at roughly $53.7 million, backed by a stack of public and private financing. In its release, Nevada HAND details the contribution breakdown: about $32.58 million from the Nevada Housing Division, $13.1 million from Clark County, $4.99 million from Henderson and $1 million from Las Vegas, alongside tax-credit equity and other financing tools. Those public dollars helped close the funding gap and push the project from concept to active construction.
Why it matters for the valley
Sunrise Ranch is arriving at a time when Nevada is short on affordable rental homes for the households that need them most. The National Low Income Housing Coalition reports that the state has far fewer affordable and available rental units than extremely low-income renter households, leaving thousands of families scrambling in a tight market.
Local governments have been trying to chip away at that gap. County and city leaders have steered federal HOME funds and American Rescue Plan dollars into projects like Sunrise Ranch in recent years as part of a broader strategy to expand the supply of below-market rentals. Clark County documents those commitments in its HOME-ARP allocation plan, outlining how the region is attempting to close a multi-thousand-unit shortfall for low-income renters.
Next steps and who will move in
The City of Henderson says Sunrise Ranch is expected to begin leasing in late 2026. The Southern Nevada Regional Housing Authority will provide long-term rental assistance for a share of the apartments, while Clark County Social Services is set to deliver on-site wraparound support for young adults exiting foster care.
Under the plan, Nevada HAND will manage the property and oversee resident services, with a focus on helping households stabilize and work toward economic self-sufficiency, according to the City of Henderson. For many tenants, the package of stable rent, on-site programming and support services is intended to function as a springboard rather than a stopgap.
Sunrise Ranch is also part of a broader building wave south of the Strip, where cranes are going up for both subsidized projects and private-market communities with far higher price tags. The Las Vegas Review-Journal has previously reported on larger market-rate rental developments planned for the same corridor, including a 368-unit complex announced by Waterton and The NRP Group. The mix of luxury and income-restricted housing on the same stretch of road underscores the growing tension between what the market will build on its own and what it takes public dollars to deliver.
