IN CASE YOU MISSED IT: State Infrastructure Bank holds second meeting, opens 30-day public comment period on proposals for affordable housing, charter schools, and job creation

Las Vegas, NV – January 06, 2022

In case you missed it, the Nevada State Infrastructure Bank met today to discuss proposals for investing in affordable housing and other priority infrastructure projects to leverage hundreds of millions of dollars of outside capital.

Thanks,
Meghin

State Infrastructure Bank holds second meeting, opens 30-day public comment period on proposals for affordable housing, charter schools, and job creation

Today, the Nevada State Infrastructure Bank held its second meeting to discuss proposals for investing in affordable housing and other priority infrastructure projects to leverage hundreds of millions of dollars of outside capital, while creating thousands of good-paying jobs.

As part of today’s meeting, the State Infrastructure Bank kicked off a 30-day comment period to receive public input on a proposed Capital Allocation Plan to support $75 million in forthcoming infrastructure projects.

Members of the public will be able to offer feedback on proposals to invest:

  • Up to $20 million to support affordable housing projects in partnership with the AFL-CIO Housing Investment Trust;
  • Up to $15 million to support charter school capital projects in low-income communities; and
  • Up to $40 million to leverage federal infrastructure dollars from the recently passed Infrastructure Investment and Jobs Act.

Additionally, today’s meeting included presentations by Congressman Steven Horsford, the Building and Construction Trades of Northern Nevada, and the AFL-CIO Housing Investment Trust.

Kickstarting Nevada’s State Infrastructure Bank was highlighted in Governor Sisolak’s 2021 State of the State Address, and Treasurer Zach Conine has made it a priority to aid in long-term job growth throughout the State.

In response to today’s meeting, Governor Sisolak and Treasurer Conine released the following statements:

“My team and I are focused on jobs and the economy in 2022 as we continue our recovery from the COVID-19 pandemic, and the State Infrastructure Bank is an integral part of my plan," said Nevada Governor Steve Sisolak. "I was glad to see the ongoing work today of the top-notch team I've put together, and I want to thank the board members and staff for their dedication to these critical projects as we build the Nevada we deserve.”

“Launching the State Infrastructure Bank is one of the biggest ways we can create good-paying jobs while working to address our state’s crumbling infrastructure,” said State Treasurer Zach Conine. “The Treasury remains committed to finding the best opportunities to invest in infrastructure and increase quality of life for Nevadans.”

Members of the public are encouraged to submit comments and feedback on the proposed Capital Allocation Plan and other policies and procedures for the State Infrastructure Bank until February 4, 2022, by emailing ask@nevadatreasurer.gov.

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Contact

Erik Jimenez