During the 83rd Legislative Session, SB391, a bill that would have limited corporations from buying up single-family homes, was killed after a late-night phone call to a state senator.

Why does this matter?

• Corporations and hedge funds own thousands of homes across Nevada, often buying with cash at or above asking price. Families looking for a first home simply can’t compete.
• In Clark County, 15% of residential housing is owned by hedge funds. In parts of North Las Vegas, that number jumps to 25%.
• Senator Ira Hansen (R-Sparks) ultimately voted against the bill after reported pressure from the Governor.

Meanwhile, at the federal level, Senator Jacky Rosen has introduced the Housing Oversight and Mitigating Exploitation (HOME) Act, aimed at curbing corporate consolidation of housing and restoring fairness to the housing market.

Nevada families deserve a real shot at the American Dream—not a bidding war with Wall Street.