The Culinary Union launched a ballot initiative on Wednesday to cap rent increases in North Las Vegas, following what leaders described as unrelenting price hikes and wage stagnation in Southern Nevada.
Amid punishing rent hikes and an affordable housing shortage, a new Nevada Independent/OH Predictive Insights poll indicates that Nevadans across the political spectrum support rent control policies.
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Though Gov. Steve Sisolak and other state leaders have touted Nevada as having the nation’s best economic momentum out of the pandemic, many residents are struggling to make ends meet amid a steep rise in rental and home prices.
Spurred by supply chain constraints, historically low interest rates, housing inventory shortages and migration changes influenced by the pandemic, Nevada's housing prices skyrocketed to record highs in 2021.
Throughout 2021, the Las Vegas housing market experienced an unprecedented rise in home prices. But the incoming Las Vegas Realtors Association president expects the market to stabilize in the new year.
Frustration over an ineffective ban on short-term rental properties in unincorporated Clark County and a patchwork of rules across municipalities prompted state lawmakers this spring to pass a bill aimed at standardizing rules and holding hosting platforms such as Airbnb or Vrbo liable for noncompliance with local regulations.
Nevada housing advocates claimed a victory this week after the Biden administration declared a 30-day extension of a nationwide eviction moratorium, but also warned that at-risk tenants will continue to fall through the cracks if they are unaware of their rights or the legal protocols they need to follow to get assistance.
Members of the Interim Finance Committee met Tuesday to authorize the governor’s office to accept the full ARP allotment and designate allocations of more than $76 million in federal aid programs, including $39.5 million in rental assistance, $12.1 million in homeowner assistance and $13.9 million for the Department of Education to ensure federal relief funds are properly administered.
In their amicus brief, the attorneys general argued that the moratorium should remain in place because eliminating the ban would “irreparably harm the states,” Ford’s office said. The attorneys general added in the brief that with roughly half of U.S. adults still unvaccinated and children under the age of 12 still ineligible to receive the vaccine, removing the ban could cause cases to surge across the country.
Trade groups representing property owners came out in strong opposition against the measure. Their opposition was summed up by Southern Nevada property manager Molly Hamrick, who said the bill would only serve to “keep landlords from providing a product in the marketplace that tenants desperately need.”