Here’s How One City is Fighting Affordability Issues

Facebooktwitterlinkedin

Posted To: MND NewsWire

One western city has decided to tackle the housing affordability crisis head-on. According to NPR, Reno, Nevada has approved a plan to construct 1,000 new homes in 120 days . In a Saturday broadcast, produced and written by Chris Bentley, NPR newscaster Kathleen McKenna called Reno, self-promoted as “The Biggest Little City in the World,” is also one of the least affordable cities in the country relative to household income. The median home price in the city is $420,500. Reno mayor Hillary Schieve told the network that the city has seen many high-tech companies such as Tesla, Google, Apple, and Amazon relocating some of their operations to Reno, escaping the million-dollar plus home prices in the Silicon Valley. She said its current housing market can be partially attributed to the high rate…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Facebooktwitterredditpinterestlinkedinmail
Show Buttons
Hide Buttons