LAS VEGAS (LVN) — Clark County broke ground Tuesday on Rebecca Place, a first-of-its-kind Community Land Trust development that officials say will expand attainable homeownership options for working families across the Las Vegas Valley. The project launches as housing affordability remains one of the region’s most pressing challenges.

Commissioner Marilyn Kirkpatrick joined the Community Land Trust team for the ceremony, marking the county’s first formal use of the CLT model. The approach separates land ownership from homeownership, enabling buyers to purchase homes at below-market prices while preserving affordability permanently through the trust.

Expanding Homeownership for Moderate-Income Families

The Rebecca Place development will feature 30 newly built homes reserved for first-time homebuyers with household incomes between 80 percent and 100 percent of Area Median Income (AMI). For a family of three in Clark County, this represents annual earnings between $68,000 and $85,000.

County leaders say this income bracket reflects many local workers — including educators, health care employees, hospitality staff, and public-sector personnel — who earn too much to qualify for traditional subsidy programs but remain priced out of the current for-sale market.

The CLT model ensures that homes remain affordable not only for the initial buyers, but for future generations. When owners eventually sell, resale formulas maintain price accessibility, protecting long-term community stability.

Addressing Structural Housing Pressures

The groundbreaking comes amid steady population growth, rising construction costs, and high interest rates, all of which have tightened access to homeownership in Southern Nevada. Clark County officials say projects like Rebecca Place help fill a critical gap by offering first-time buyers a predictable path into stable, long-term housing.

Housing analysts say land trust developments have gained traction nationwide because they shield attainable housing from future market volatility. County leaders intend for Rebecca Place to serve as the first of several CLT-based projects planned as part of a broader housing expansion strategy.

A Major Milestone in the County’s Housing Plan

Kirkpatrick emphasized that Rebecca Place represents more than a construction project — it signals a new direction in the county’s commitment to housing affordability.

“This development opens the door for families who want to build roots in our community but have been shut out by market conditions,” Kirkpatrick said at the ceremony. “Rebecca Place is a model for how Clark County can create long-term, sustainable homeownership opportunities.”

Further details on construction timelines, home designs, and application processes will be released as the CLT finalizes its buyer-readiness programs and community outreach.