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Council approves sale of city parcel at Van Buren and F Street for 22-unit affordable housing project
Summary
The council approved a disposition and development agreement (DDA) to sell city-owned property at West Van Buren Avenue and F Street to a private developer for a 22-unit affordable multifamily building; land-use entitlements were previously approved and the sale follows redevelopment set-aside funding rules under NRS 268.058.
The Las Vegas City Council on July 16 approved a disposition and development agreement to sell city-owned property at the corner of West Van Buren Avenue and F Street to Oikos Development Nevada (listed in the record as Ghost Development/Nevada in staff remarks) for a proposed four‑story, 22‑unit affordable multifamily project.
Arcelya Barajas, director of Neighborhood Services, presented the item and said the land was previously purchased using the city’s redevelopment housing set‑aside funds. Barajas explained that the land‑use entitlements for the site had been approved by council earlier in April, and that this DDA is the final step to convey the property under NRS 268.058 for affordable housing.
Barajas said the proposed development had city entitlements and that the DDA will allow the city to sell the parcel to Oikos Development Nevada to permit construction of the 22‑unit building. Councilwoman Pamela Diaz moved the motion to approve the disposition and development agreement; the clerk recorded the motion and the item passed.
Why it matters: The sale uses redevelopment housing funds and follows statutory procedures (NRS 268.058) to convert a city parcel into an affordable housing development; council approval completes the land‑transfer step after prior land‑use approvals.
Formal action: The council approved the disposition and development agreement to sell the parcel for development of an affordable residential project; the applicant/owner on the record was identified as Oikos Development Nevada and staff noted Chico Clark was present from the project team for questions.
