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Council transfers $234,757 in private activity bond cap to Nevada Rural Housing Authority
Summary
The council approved Resolution No. 2026-10 to transfer the city's 2026 private activity bond volume cap to the Nevada Rural Housing Authority to support rural housing finance; the resolution was amended to update contact information and approved unanimously.
The Yerington City Council approved Resolution No. 2026‑10 to transfer $234,757.13 in the city's 2026 private activity bond volume cap to the Nevada Rural Housing Authority (NRHA). NRHA Director of Finance Shawn Heusser described NRHA's multi-decade work assisting rural homebuyers and renters and the local impacts of such transfers.
"Over the past 50 years Nevada Rural Housing Authority has helped over 11,000 homebuyers throughout rural Nevada..." Heusser said, noting past assistance in Mason Valley and local down payment programs. During council deliberations City Attorney Charles Zumpft noted a contact-detail error in section four; Councilman Beaton moved to amend that section to replace a named contact and street address. The council approved that amendment and then adopted the resolution unanimously.
Council members and staff framed the transfer as a standard, routine intergovernmental step to enable NRHA financing activity in the region. No additional city funding or matching requirement was adopted at the meeting; the vote authorizes the transfer of the federal/private activity bond cap only.
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