Nevada HAND, the state’s largest affordable housing developer, held a ceremonial groundbreaking Monday for Serene Pines, a 281-unit affordable housing community for low-income seniors on Serene Avenue just west of Las Vegas Boulevard.
The $82.7 million development, slated to open in 2028, will feature a community room, computer lab, fitness center, pool, and other amenities. Clark County contributed $20.6 million to the project, marking the largest single investment the county has ever made in an affordable housing development.
Clark County Commission Chairman Michael Naft noted that many seniors live on fixed incomes and represent “some of our most vulnerable community members.” The project is located about 5 miles from the south edge of the resort corridor along Las Vegas Boulevard.
The groundbreaking reflects the ongoing housing affordability crisis in Nevada. Early this year, the Kenny Guinn Center for Policy Priorities reported the state was grappling with a “severe housing affordability crisis,” with nearly half of renters classified as “excessively cost-burdened” and income growth lagging far behind housing costs.
Serene Pines is not the only new senior housing project underway in the area. Ovation Development is building a 194-unit affordable housing complex on Bruner Avenue near the M Resort, with residents expected to begin moving in by 2027. The two projects combined will add 475 units of affordable senior housing to the fast-growing south valley corridor.
Nevada HAND currently manages 37 communities across the state. The organization’s expansion comes as Las Vegas continues to attract new residents, putting additional pressure on the housing supply — particularly for seniors and those on fixed incomes in a tourism-dependent economy.
The south Strip corridor has emerged as one of the valley’s fastest-growing residential areas, with new commercial and residential development accelerating near the M Resort and the upcoming Inspirada Station casino project.
