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Sierra Flats Opens: 144 Affordable Units in Carson City

5/23/2025

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Summary

Story summary

Sierra Flats, a new 160-unit apartment complex in Carson City, includes 144 affordable and 16 market-rate units.
Monthly rents range from $500 to $1,150, aimed at residents earning 30-60% of the area's median income.
The project was developed at a cost of $55 million, funded mainly through federal credits and local land donations.
Developers highlight federal funding's crucial role in sustaining affordable housing initiatives.

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Story summary

Sierra Flats, a new 160-unit apartment complex in Carson City, includes 144 affordable and 16 market-rate units.
Monthly rents range from $500 to $1,150, aimed at residents earning 30-60% of the area's median income.
The project was developed at a cost of $55 million, funded mainly through federal credits and local land donations.
Developers highlight federal funding's crucial role in sustaining affordable housing initiatives.