Not dead yet? Future of Nevada corporate homeownership bill up in the air

At Lombardo’s request, Hansen ‘reluctantly’ blocks bill to rein in runaway corporate home ownership

Democratic state Sen. Dina Neal listens while her Republican colleague Ira Hansen explains he's reluctantly voting against her bill to limit hedge fund ownership of housing at Gov. Joe Lombardo's request. (Legislative stream screengrab)Republican Gov. Joe Lombardo asked the Republican legislative caucus to block a bill that attempts to limit cash-rich corporate investors from purchasing large swaths of housing in Nevada, Republican state Sen. Ir…

Not dead yet? Future of Nevada corporate homeownership bill up in the air

A bill to significantly regulate corporate homeownership failed an initial vote in the Nevada Senate, but Democratic leaders signaled they may still consider the policy.

Nevada Bill to Protect Homebuyers Falters Amid Party-Line Resistance: ‘Their Greed Is Absolutely Despicable'

Greed has been running rampant in America for years, and one of the clearest examples is how big corporations are hoarding residential properties to make a profit. In an effort to stop these companies from stripping away homes from Nevada citizens, some lawmakers have been working hard to pass new legislation aimed at protecting everyday homeowners. One such proposal is Senate Bill 391. This bill would have placed a limit on corporate investors,…