Western Alliance Finances Marble Manor Phase I

Western Alliance Bank announced $33 million in construction financing for Marble Manor Phase I, a 138-unit mixed-income housing redevelopment in United States — Las Vegas, United States — Nevada. The financing includes $31 million tax-exempt bonds and $2 million taxable bonds, plus $19.46 million in tax-exempt permanent bonds. The project is co-developed by Brinshore Development and the United States — Southern Nevada Regional Housing Authority, with construction by Metcalf Builders. Enterprise Community Partners provides $21.7 million in tax credit equity, and the U.S. Department of Housing and Urban Development supports the project with a $53 million Choice Neighborhoods Grant. Marble Manor Phase I broke ground in April 2026 and will include 138 rental homes, with 108 units reserved for low-income families.