Plans Announced to Sell Southern Nevada BLM Land for $100 Per Acre for Affordable Housing
LAS VEGAS, NV – The administration will be authorizing the sale of a set acreage of land in Southern Nevada by the Bureau of Land Management (BLM) for the price of $100 per acre, expressly for the construction of affordable housing to address the shortage plaguing residents of the state.
Currently, the federal government owns 88 percent of the land in Clark County along, with over half of that property – 2.6 million acres – managed by BLM. The failure to release parts of that land for development has contributed to the current housing crisis being experienced in the region, experts say.
BLM has been authorized to release 525.5 acres for 15,000 units of affordable housing for $100 an acre, with the initial 20 acres located in the middle of a Mountain’s Edge neighborhood in the southwest Las Vegas Valley.
During a previous visit to Nevada while campaigning for reelection in November, the President had also encouraged lawmakers to pass a bill to establish a 5 percent cap on rent increases in existing rental units.
In a statement, Nevada Governor Joe Lombardo addressed both the proposed rent cap and the decision to allow BLM to release land for affordable housing development. He acknowledged the action as helpful but insufficient to fully address the challenges faced by prospective homeowners in the state.
While the release of federal land for subsidized housing in Las Vegas is one arrow in our quiver, significant work remains in alleviating high housing costs for the middle class and eliminating federal barriers to housing development across the state,” Lombardo said. “Like many others, I’m also concerned about President Biden’s rent control proposal, which studies have repeatedly shown to inadvertently raise rental costs and lead to lower-quality housing options. My administration remains committed to delivering sustainable and practical long-term housing solutions for Nevadans.”
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