Additional Nevada Legislator's 82nd (2023) session legislation
I will attempt to provide an update to bills that impact HOAs below. Readers can find an excellent web site provided The Nevada Legislature called NELIS by clicking here. Alternately, you can click on the bill number which will take you directly to bill information.
Last hearing- Apr 11, 2023 Senate Judiciary. Do pass.
Next hearing- TBD
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Click here for full bill text Reprint 1
SB 395 would have the secretary of state’s office create and maintain a public registry of the corporations and limited liability companies that purchase or own residential real property in Nevada, and it would limit corporate investment to 1,000 housing units per year. A Stateline analysis of data from real estate analytics firm CoreLogic found that nearly a quarter of all single-family homes sold in 2021 were purchased by investors. In Nevada, the same analysis found, the share of investor purchases increased from 18% to 30% from 2020 to 2021.
I APPROVE on this bill. My concern is less about access to housing rather, on the