With one of the highest foreclosure rates in the nation, Nevada was selected to be one of the first five states' Housing Finance Agencies to receive funds from the U.S. Treasury’s “Hardest Hit Fund®”. The State of Nevada was awarded more than $150 million in funds available to qualified recipients. The U.S. Treasury approved the nonprofit Nevada Affordable Housing Assistance Corporation (NAHAC) to oversee the 'Fund' serving as a support arm for the Nevada Housing Division, Nevada’s Housing Finance Agency. Nevada Hardest Hit Fund® provides four programs to assist Nevada homeowners who are at high risk of default or foreclosure.
