McKNIGHT SENIOR VILLAGE IV — A new phase of the successful McKnight campus!

McKnight Senior Village IV recently received a tax credit reservation for its development from Nevada Housing Division.
This project will be a fourth phase to the already existing, successful McKnight Senior Village campus, including McKnight Senior Village I (110 one-bedroom units – built 1997-rehabbed 2015), McKnight Senior Village II (78 two-bedroom units – built 2009); and McKnight Senior Village III (24 two-bedroom units – built 2010).

In close proximity to the site (approx. ¼-1/2 mile) are grocery, banking, pharmacy, retail, gas station, public transportation, Freedom Park and Recreation center. Across the street to the North is the Nevada Affordable Senior Housing development, Arthur McCants Manor, that serves seniors 62+ with disabilities. Also to the North is the Golden Rule Senior apartments, 60 units serving seniors 55+.
McKnight Senior Village IV will mirror the existing McKnight apartments, configured as four stories, one and two bedrooms, and share all its amenities.

The area is a mature and stable neighborhood. There is not a minority concentration. McKnight Senior Village IV will complete the development, providing 60 more units of affordability to low-income Seniors. Affordable housing is a critical issue in Southern Nevada, and these units at 30% – 50% AMI will help alleviate the critical need.

West Sahara Senior Housing now has a leasing office right across from the apartment site, at 7975 W Sahara Avenue, #103 in the Trident Business Park.

Phone number: 725-251-2163.
The office is open from 9am to 4pm.

West Sahara Senior Housing is our latest development of affordable senior housing, located at 8007 West Sahara Avenue, in Las Vegas, Nevada 89117. The site is set on 5 gross acres and will feature 168 one and two-bedroom apartments, configured as two and three stories, and include supportive services free to residents.
West Sahara Senior Housing applied for low-income housing tax credits (LIHTC) in May 2021 and received a reservation in June 2021 for the development of 66 units. The remaining 102 units will be funded with tax-exempt bonds.

The project also received an award of HOME/AAHTF funds from Clark County, Nevada in the amount of $528,164 to further the development of the project of the 66 units.

Architectural and engineering drawings are now being finalized and will be submitted for approval thereafter. The project will start construction about March 2022 with an 18-month schedule to completion.

In April 2021, the project received APPROVAL from Clark County Planning Commission. The development on Sahara Avenue, just west of Buffalo Drive, is located in Las Vegas’ District F, Clark County Nevada. The planning staff recommended approval for a non-conforming zone change from C1 Commercial to R4 Residential to accommodate the senior apartment development. It was unanimously approved by the planning commissioners, as they recognize the value of the project and the need for more affordable housing in our Las Vegas Valley. Later in the month, the project received unanimous APPROVAL from the Board of County Commissioners (BCC).

Gekakis and the team worked with the County’s Comprehensive Planning, with the Spring Valley Town Board, and with the local residents to develop a project that will be not only aesthetically pleasing but be a compatible fit for the neighborhood.

The BCC recognizes the need for more affordable housing, especially for seniors, as the population ages, and National Low Income Housing Coalition confirms statistics showing that there is a tremendous shortage of affordable and available rental homes for extremely low-income households. In fact, the shortage is –84,320 units of affordability!

Construction began on the apartments at Decatur Blvd. and Alta Drive, now named Decatur Commons, in December 2020. This is a joint venture project between George Gekakis, Inc. and Nevada HAND, this development is located at the corner of Decatur Boulevard and Alta Drive in Ward 3 of the City of Las Vegas. A 20-acre parcel, project will feature The project feature a total of 480 units, including:

• 60 units of senior housing financed with 9% tax credits, the building configured with a 16,000 sf retail component with restaurant pads and a major hotel chain.
• 180 units of senior housing financed with tax-exempt bonds, and
• 240 units of family housing.
• The retail component will have two out-pads for restaurants.

This Opportunity Zone development will be the first of its kind for the state.
The project went before City of Las Vegas in May 2020 for Site Development Review, and received approval. Architectural plans are were finalized and submitted to the City of Las Vegas for review and received approval.