Coming Soon — Pipeline Project
Auris at Tenaya
Tenaya Way Corridor, Nevada
This project is not yet open for investment — Founding Investor rights of first refusal apply.
Get Early AccessAuris at Tenaya — Conceptual Rendering
Project Overview
At a Glance
Location
Tenaya Way Corridor, NV
Units
210
Program
9% LIHTC
Total Dev. Cost
~$75M
Designation
QCT / DDA Targeted
Phase II
Early Childhood Education Center
Development Progress
Construction Milestones
Tracking the current stage of development for Auris at Tenaya.
Strategic Advantage
Why This Project
Southwest Las Vegas Growth Corridor
The Tenaya Way corridor sits within one of the fastest-growing residential and commercial submarkets in the southwest Las Vegas metro, with strong demand for affordable workforce housing adjacent to major employment nodes.
9% LIHTC Competitive Structure
Targeting the 9% competitive LIHTC allocation — the same proven capital structure used for Auris at The Boulevard — providing approximately 70% of total equity through institutional tax credit syndication.
Phase II — Non-Profit Early Childhood Education Center
What sets Tenaya apart from every other project in our pipeline: the Phase II site plan includes a dedicated Non-Profit Early Childhood Education Center built in partnership with a 501(c)(3) provider. It is already on the preliminary site plan, the design brief, and the resident services framework — giving working families on-site access to childcare, directly addressing the #1 barrier to workforce participation in the Las Vegas metro.
Founding Investor Right of First Refusal
Investors in the current Auris at The Boulevard seed round hold a contractual Right of First Refusal on this project before it is made available to outside investors.
Phase II — Non-Profit
Early Childhood Education Center
Auris at Tenaya is the only project in the SmartPlex pipeline with a Phase II component that goes beyond housing. A dedicated Non-Profit Early Childhood Education Center is already embedded in the preliminary site plan, the design brief, and the resident services framework — making this a mixed-use community built around the real needs of working families.
Already on the Site Plan
The education center footprint is designated on the preliminary site plan and design brief — not an afterthought, but a foundational design element from day one.
501(c)(3) Non-Profit Partnership
SmartPlex is developing this component in partnership with a qualified non-profit early childhood education provider — unlocking additional grant funding, LIHTC scoring points, and community benefit designations.
Addresses the #1 Barrier to Work
Access to affordable childcare is the single largest barrier to workforce participation for families at 50–60% AMI in the Las Vegas metro. On-site childcare embedded in the community directly removes that barrier for residents.
Resident Services Integration
The education center is fully integrated into the Auris at Tenaya resident services framework — a key differentiator in LIHTC competitive scoring and long-term community impact.
Phase I vs Phase II
210 Workforce Housing Units
Type V-B townhomes — 50–60% AMI — private entrances, backyards, resort amenities
Non-Profit Early Childhood Education Center
Dedicated facility on the preliminary site plan — 501(c)(3) partnership — integrated into resident services
The Competitive Advantage
No other project in the Las Vegas LIHTC pipeline combines 210 units of workforce housing with an on-site non-profit early childhood education center. This is a meaningful differentiator in NHD competitive scoring, community benefit analysis, and long-term resident retention.
Pipeline — Coming Soon
Investment Highlights
Auris at Tenaya is currently in the pipeline phase. Accredited investors in the current Auris at The Boulevard seed round will receive a Right of First Refusal before this offering is made available to the public.