Wall Street-backed companies such as American Homes 4 Rent have a stranglehold on the city’s housing market according to new research, owning a quarter of homes.
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The complex near Craig Ranch Regional Park could help ease the shortage of homes in the area.
Royanne McNair believed she had canceled her home sale contract, so she pursued another offer. Then an anonymous envelope froze the deal.
The legislation devotes up to $37 million for buying land and building new homes for neighborhood residents.
The North Las Vegas neighborhood of Windsor Park was built in the 1960s over an aquifer that is sinking little by little as water is pumped out.
Residents questioned how North Las Vegas could permit a huge warehouse project bordering an area that has been plagued by sinking ground for decades.