Grant Funds Construction of 100 Affordable Housing Units for Blind and Visually Impaired Nevadans
Western Alliance Bank has teamed with Federal Home Loan Bank of San Francisco (FHLBank San Francisco) to deliver a $1.25 million Affordable Housing Program (AHP) Nevada Targeted Fund grant to the Blind Center of Nevada to create 100 units of supportive housing in downtown Las Vegas.
Western Alliance Bank successfully supported the Blind Center of Nevada’s Visions Park project in securing the maximum grant funding available from FHLBank San Francisco’s 2025 AHP Nevada Target Fund. This project was one of only five selected statewide for this year’s targeted funding.
Visions Park is a 100-unit permanent supportive housing project directly adjacent to the Blind Center’s facility near the intersection of Washington Avenue and Bruce Street. The project will serve those who are blind and visually impaired with income at or below 40% of Area Median Income (AMI).
“It is extremely gratifying to see this meaningful project come to life to address the critical need for affordable housing in Nevada, particularly for individuals living with disabilities,” said Aidan Tracey, assistant vice president of portfolio management for Western Alliance Bank’s Affordable Housing Finance Group. “We could not be happier to play a role in bringing this project to fruition to provide safe, quality housing for Nevadans who are blind or have visual impairment.”
Visions Park broke ground last September and is scheduled to open in early 2026.
“Visions Park is the first of its kind in the United States — a supportive housing development located directly adjacent to the Blind Center of Nevada,” said Todd Imholte, president and CEO of the Blind Center of Nevada. “Not only does it provide essential housing, it empowers our clients and residents to easily access the services to help them reach their highest potential.”
FHLBank San Francisco’s member financial institutions work in partnership with community-based housing developers to compete for AHP General Fund or Nevada Targeted Fund grants by submitting applications for specific projects in an annual funding competition. According to The Gap 2024, a yearly report compiled by the National Low Income Housing Coalition, Nevada is experiencing a significant affordable housing shortfall, with just 14 affordable homes per 100 households. To address the dire need in Nevada, FHLBank San Francisco launched the Nevada Targeted Fund in 2023.
AHP grants contribute to the development, preservation or purchase of multifamily and single-family housing that serves people in need, including lower-income families, the chronically unhoused, families, seniors, veterans, at-risk youth, people living with disabilities and mental health challenges or overcoming substance abuse, and many others.
“We continue to make meaningful investments to address the affordable housing crisis across Arizona, California and Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. “This funding for the Blind Center of Nevada, delivered in partnership with our member Western Alliance Bank, is an example of our work to expand the supply of housing that delivers critical support services to individuals and families who need it most.”
