South of the neon and noise of the Las Vegas Strip, a very different kind of project is quietly going vertical in Henderson. Sunrise Ranch, a new affordable-housing complex, is under construction and slated to bring 144 income-restricted apartments to a stretch of Boulder Highway that is seeing a surge of new development. Developers are aiming to open the doors to residents in late 2026.
The Las Vegas Review-Journal’s Business 7@7 segment recently caught crews at work at the site on May 20, 2026, showing framing and grading underway. As reported by the Las Vegas Review-Journal, the project, known as Sunrise Ranch, is being built by Nevada HAND. The nonprofit says it broke ground in March 2025 and plans to reserve up to 60 of the apartments for young adults who are aging out of foster care and need a stable landing spot.
What the development will include
According to the City of Henderson, Sunrise Ranch is designed as a family-focused community, with a mix of one-, two- and three-bedroom apartments among its 144 units. On the ground, it will feel more like a small neighborhood than a simple apartment block, with a clubhouse, computer lab, fitness center, playground and outdoor recreation areas built into the plan.
The site sits at the eastern corner of Boulder Highway and South Broadbent Boulevard, a location city officials highlight for its access to transit routes and nearby social services. Henderson also notes that the community will be smoke-free and will offer on-site resident services, a combination meant to support long-term housing stability rather than just provide a roof and four walls.
How the project is funded
Nevada HAND pegs the total cost of Sunrise Ranch at roughly $53.7 million, backed by a stack of public and private financing. In its release, Nevada HAND details the contribution breakdown: about $32.58 million from the Nevada Housing Division, $13.1 million from Clark County, $4.99 million from Henderson and $1 million from Las Vegas, alongside tax-credit equity and other financing tools. Those public dollars helped close the funding gap and push the project from concept to active construction.
Why it matters for the valley
Sunrise Ranch is arriving at a time when Nevada is short on affordable rental homes for the households that need them most. The National Low Income Housing Coalition reports that the state has far fewer affordable and available rental units than extremely low-income renter households, leaving thousands of families scrambling in a tight market…