Reno Approves Financing for Talus Valley Development

The city will issue $9.5 million in bonds to fund critical infrastructure for a new residential project in south Reno.

Updated on Oct. 22, 2026 in Construction

Reno Approves Financing for Talus Valley Development

Live Poll

Should your local government use special assessment districts to finance new housing development infrastructure?

Reno officials have approved a financing agreement for the Talus Valley Special Assessment District No. 1. This initiative will support infrastructure construction for a residential project featuring 774 homes.

Why it matters

The financing is necessary to facilitate the development of essential sewer, storm drain, and water systems for the new neighborhood. This move allows construction to proceed while establishing a structured payment plan for future homeowners.

The city will issue $9.5 million in assessment bonds to fund development infrastructure across 66 acres. Future homeowners in the 774-home district will face an average assessment of $12,293, paid out as approximately $1,000 annually over 30 years.

The players

Toll Brothers

This publicly traded home construction company is one of the primary developers for the Talus Valley project.

Lennar

A major American home construction corporation that is partnering to develop the residential land in south Reno.

City of Reno

The local municipal government body responsible for approving infrastructure financing and special assessment districts.

The details

The project is being led by developers Toll Brothers and Lennar as part of a larger plan to build 2,510 homes across three total districts. While the city covers foundational infrastructure through bonds, the developers are responsible for all remaining costs that exceed the $9.5 million allocation.

Special Assessment District No. 1 is set for establishment in 2026.
Homeowners will make annual assessment payments over a duration of 30 years.

Market Landscape

This project fits into a broader trend of large-scale residential development in Reno, where developers and municipalities increasingly rely on assessment districts to finance infrastructure. The partnership between national builders like Toll Brothers and Lennar reflects continued efforts to expand housing supply in the region.

Homebuyers purchasing properties within the Talus Valley district should be prepared for an additional annual assessment of approximately $1,000. This charge is tied to the property for 30 years as part of the financing agreement for local infrastructure.

The takeaway

Prospective homeowners in new developments should always verify if a property is located within a special assessment district. Understanding these long-term financial obligations is a critical step in accurately calculating the true total cost of homeownership.