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Board authorizes purchase of an inclusionary housing unit, asks staff to study alternate uses of proceeds
Summary
Following questions about leverage, the Board voted to acquire an inclusionary housing unit in Summerlin but directed staff to defer a disposition step and study whether selling at market or repurposing the value could produce broader affordable housing impact.
The Board of Supervisors voted March 18 to acquire an inclusionary housing unit located at 2615 Lane, Summerlin (First District), while directing staff to postpone a specific disposition step pending further analysis of alternatives.
Community Services staff presented a proposal to exercise the county’s option to purchase the inclusionary unit for $160,000. Supervisor Bob Nelson raised concerns about whether the county’s recorded covenant — which requires the unit be kept affordable — was the best use of county funds given the unit’s estimated market value (roughly $1.1 million as discussed in the meeting). Nelson suggested that the county explore removing the recorded covenant, selling at market rate and redeploying the capital to create multiple affordable units elsewhere.
Jesus Armas, Community Services Director, said staff supports the purchase and can return with options. The board voted to approve items A, B, C and E on the staff recommendation (authorize acquisition and associated activities) while deferring item D (authorization to issue a request for proposals to resell) and directing staff to evaluate alternative dispositions that could potentially leverage larger housing outcomes. The board approved the motion by voice vote.
