RENO, NV - While Nevada's housing market remains troubled, things are looking up for some of our most vulnerable residents--low income families looking to rent.
The state has been chosen by the administration for a pilot program which promises to speed up and streamline the process for developers looking to build subsidized low income housing.
Currently developers have to navigate a series of bureaucracies, state and federal, each with its own criteria.
Under a memorandum of understanding signed in Reno Tuesday, state and federal criteria will be the same.
"If you only have one set of criteria to meet instead of three, it makes it a lot easier," says developer Ann Harrington.
The change should speed the construction of housing for which federal and state officials agree, remains strong.
In fact, Harrington says while most housing construction remains stalled, her projects continue. She recently completed the River Place Apartments for seniors on Kuenzli near the river and it quickly filled.
Her next project is a similar building near Virginia Lake, now just getting under way.
Others are likely to follow with the change in rules.
"We'll get to see a fairly immediate impact," says Harrington, "probably as soon as this summer in terms of having to meet the only one set of criteria, only one layer of reviews."