Sen. Jacky Rosen’s bill would make it illegal to rent or sell a unit at an unreasonable price during an affordable housing crisis.
Housing
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Financial assistance is available for Nevadans at risk of being evicted for nonpayment of rent and more money is likely on the way, officials said during a Wednesday public forum.
The housing market has been a pillar of economic strength during the pandemic, but many would-be homeowners have met with frustration because of a low number of homes for sale and consistently rising prices.
HUD Secretary Ben Carson, visiting Las Vegas, touts streamlined applications, reduced fees and tax credits as a way to induce developers to build or rehabilitate low-income housing nationwide.
Commissioners voted 4-3 to support the proposed ban, which would grandfather in short-term rentals already permitted by the city. The decision followed more than an hour of public comment, with a majority of speakers opposing the ban.
The idea to redevelop the east side of Maryland Parkway has been budding for at least 20 years.
Cottonwood Lake Homes, a suburban-style subdivision in Searchlight, has street names like Aqua View and Shady Cove, and even some palm trees. But the failed project, a relic of the housing bubble, has far more empty land than developed.
Millions of dollars meant to help distressed Nevada homeowners stay in their homes at the height of the recession were squandered by a Nevada contractor on excessive rent, holiday parties, employee gift cards and other luxuries.
Sales of single-family homes, condos and townhomes reached a record 4,702 in June, topping the previous record of 4,414 set in June 2004, the Greater Las Vegas Association of Realtors reported Wednesday.
CARSON CITY — The state Supreme Court has begun developing rules to carry out the just-approved law that could save some Nevadans from losing their homes to foreclosure.
People who are in danger of defaulting on mortgages with Countrywide or Bank of America can reserve time at a upcoming foreclosure prevention forum organized by the cities of Las Vegas and North Las Vegas.
