Governor Joe Lombardo of Nevada has proposed a plan to address the state’s affordable housing crisis by introducing the Nevada Housing Access and Attainability Act. This legislation aims to create the Nevada Attainable Housing Fund with $250 million in state resources to support over $1 billion in housing through grants, loans, and rebates. The bill also includes down payment and rental assistance for working families, incentives for homebuilders, and expanding affordable housing eligibility to households earning up to 150 percent of the area median income.
Lombardo’s bill seeks to help Nevada’s workforce, including teachers and first responders, by providing financial assistance for down payments or rent. Additionally, the legislation would establish a council to oversee the Nevada Attainable Housing Fund and provide incentives to homebuilders through the Nevada State Infrastructure Bank and low-interest loans. The bill also proposes expedited review and permitting processes for attainable housing projects.
Despite efforts to address the housing crisis, Legislative Democrats have reintroduced bills that were vetoed by the governor in the past, including authorizing rent control for seniors and individuals with disabilities. Critics argue that Governor Lombardo has not done enough to hold large corporate investors accountable for driving up housing costs in the state, leading to increased eviction rates and homelessness.
The proposed legislation is part of a broader effort to find solutions to Nevada’s housing crisis, which is exacerbated by factors such as high interest rates, limited buildable land, and increased construction costs. As the state grapples with a shortage of affordable rental units, lawmakers are working to implement measures to provide relief to residents struggling to find affordable housing.
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