Assembly Bill 366 would convert the Supportive Housing Development Fund from a time‑limited pilot into a permanent account and appropriate $21 million in general funds for fiscal 2026–27, Christine Hess, chief financial officer of the Nevada Housing Division, told the Senate Finance Committee.

The fund originated in 2023 (AB 310) with a $32.2 million appropriation to launch grant awards for supportive housing projects. Hess said the current program has made five grant awards totaling $13.8 million that will support about 170 units statewide, and the housing division expects to fully obligate the remaining funds during calendar 2025.

Proponents told the committee the program pairs affordable housing with services and that expanding and stabilizing the fund would increase housing options for Nevadans with disabling conditions, serious behavioral‑health needs and those experiencing or at risk of homelessness.

Mindy Elliott of the Nevada Housing Coalition, who testified in support, said the fund has begun “an evolution in how we care for Nevadans with disabling conditions, changing lives through housing and support services.” Ovation Development and both regional housing authorities also testified in favor.

The bill would appropriate $21,000,000 to the Supportive Housing Development Fund for the FY 2026–27 biennium and would remove language that previously limited spending to availability of appropriated funds, reflecting a transition to a recurring budget line.

Senator Titus asked whether the bill removes the prior "subject to availability of funds" language; sponsor Danielle Monroe‑Moreno said the change reflects making the program part of the budget rather than a one‑time pilot.

Committee members received an update on grant obligations and were told another funding round is anticipated in the summer. No committee vote was recorded during the hearing.