Construction is underway on an affordable-housing complex in North Las Vegas, a project backed by more than $60 million in financing from a big lender.

Western Alliance Bank recently announced that it provided key financing for the Senator Joseph M. Neal Jr. Apartments complex. The four-story, 192-unit project at the corner of Tonopah Avenue and North Fifth Street broke ground this summer.

The Southern Nevada Regional Housing Authority, which owns the site and will operate the complex , contracted with affordable-housing firm McCormack Baron Salazar to develop the project.

Western Alliance purchased $43.8 million in construction bonds from the Nevada Housing Division, meaning the bank is effectively lending that sum for the project, said Philipp Smaczny, managing director of affordable

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