Lombardo unveils $250 million housing plan for Nevada

Nevada Governor Joe Lombardo has introduced Assembly Bill 540, a $250 million housing plan aimed at expanding affordable housing options for residents earning up to 150% of the area median income. The plan, which will be vetted by the Assembly Commerce and Labor Committee, seeks to assist those who earn too much for traditional affordable housing yet cannot afford market-rate rentals. Lombardo emphasizes that the bill would significantly benefit essential workers such as nurses and teachers, providing grants, loans, and subsidies for 'attainable housing.' Additionally, the legislation includes provisions to expedite project approvals, require matching funds from developers, and ease contractor licensing in rural areas. Critics, mainly Democrats, have expressed concerns over Lombardo's previous vetoes on housing-related bills. The initiative reflects a growing recognition of the housing crisis affecting middle-class families in Nevada and across the U.S.