home buyer program

First-Time Home Buyer Programs Help Make Dreams Come True

The entrance of companies like Tesla and Switch into Nevada means great things for the local economy. What they also mean are raising housing prices, as more and more people move into the Silver State, creating a housing shortage. This is good news for existing homeowners, but concerning for first-time homebuyers.

According to the Reno Gazette-Journal, “In January 2012, the median price for a home in northern Nevada was around $135,000. More than two and a half years later, home values have jumped by about 85 percent.”

Nevada Rural Housing Authority Helps Nevadans Buy Homes of Their Own

Buying a home has long been the American dream, but it’s not always easy. While many can afford the monthly mortgage -which oftentimes is less than rent - coming up with the down payment can be daunting.

That’s where the Nevada Rural Housing Authority (NRHA) comes in. Founded in 1973, NRHA has a mission to put rural Nevadans into homes they can afford, which is the cornerstone for building healthy communities.

Based on that philosophy, NRHA created the Home At Last™ (HAL) Home Buyer program in 2006, providing qualified rural Nevada families with the help they need to purchase a home.

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