Check out today’s Reno Gazette Journal’s piece on Reno-Sparks’ affordable housing crisis. This deep-dive analysis is worth the read: Reno-Sparks has an affordable housing crisis. So why aren’t developers building more houses?
From the RGJ piece above:
Incomes, meanwhile, have not kept pace with the skyrocketing cost of housing. Between 2012 and 2017, wages for households in the Reno metro area grew by 25%, according to data from the Census Bureau American Community Survey. During that same period, the median price for existing single-family homes jumped by nearly 140%.
Do have an idea that would address the affordable housing crisis? Would love to hear your thoughts in the comments below.