About SmartPlex Development
A Nevada-based affordable workforce housing developer building communities that last.
Company Overview
Who We Are
SmartPlex Development LLC is a Nevada-based affordable workforce housing development company committed to delivering institutional-quality housing solutions through the Low-Income Housing Tax Credit program.
SmartPlex operates with a mission-driven focus on closing the workforce housing gap in Nevada — leveraging deep local market knowledge, established community relationships, and a disciplined approach to LIHTC development.
Our Team
SmartPlex is led by an experienced team of housing development, finance, and community relations professionals based in Las Vegas, Nevada.
Our Mission
"SmartPlex exists to close the workforce housing gap in Nevada by developing high-quality, financially sustainable affordable housing through the 9% and 4% Low-Income Housing Tax Credit programs."
What Drives Us
Core Values
Transparency
Open communication with every stakeholder, at every stage of development.
Community Impact
Building housing that transforms neighborhoods and uplifts residents.
Investor Integrity
Rigorous underwriting and honest representation of every opportunity.
Execution Excellence
Institutional-grade project management from site control to certificate of occupancy.
Our Approach
The LIHTC Development Model
The Low-Income Housing Tax Credit (LIHTC) program is the federal government's primary tool for encouraging private investment in affordable housing. Since 1986, it has financed the creation of millions of affordable rental units nationwide.
SmartPlex's resident services model — the Upward Mobility Initiative — is built into every Auris Communities development from day one, engineering a direct pathway for residents from affordable housing to first-time homeownership.
Our approach to community partnerships is exemplified by Auris at Nellis, where SmartPlex is working with the Episcopal Diocese of Nevada on a ground lease contribution of the 2.35-acre site — a faith-based partnership that strengthens both the LIHTC application and the long-term community mission.
SmartPlex utilizes the 9% LIHTC competitive allocation to finance projects. Tax credit equity forms the primary capital stack — meaning investors receive federal tax credits over a 10-year period in exchange for equity investment in our housing developments.
This structure aligns incentives: investors receive attractive risk-adjusted returns through tax benefits, while communities gain quality housing that serves the workforce at affordable rents. SmartPlex manages every phase — from site control and entitlements through construction, lease-up, and long-term compliance.
Our Team
The People Behind SmartPlex
SmartPlex is led by an experienced team of housing development, finance, and community relations professionals based in Las Vegas, Nevada.