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Henderson RDA approves $42 million participation agreement with KB Homes for 110‑acre site

City of Henderson Redevelopment Agency · July 16, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Henderson Redevelopment Agency unanimously approved an owner participation agreement with KB Homes to support development of a 110‑acre site near Stephanie and Galleria, including roughly 940 homes and commercial space; the OPA sets a $42 million funding cap with $27 million principal and $15 million interest limits.

The Henderson Redevelopment Agency unanimously approved an owner participation agreement at its meeting to support a 110‑acre development by KB Homes of Las Vegas Inc.

David Voorhe, speaking for the City of Henderson RDA, described the site as the parcel "right by the mall there on Stephanie and Galleria" and said KB Homes plans to build about 940 homes plus some commercial…

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