After Joe Lombardo showed that he’s more extreme than Donald Trump when it comes to helping families afford to buy a home, he’s been scrambling to cover up his own record by claiming that he’s “actively developing” a working group on corporate homeownership. A new report found that “this working group has not been introduced or mentioned” as Lombardo’s office refused to provide any details.
Despite making Nevada’s housing crisis a central part of his 2022 campaign, Lombardo repeatedly blocked efforts to prevent big corporations from pricing Nevadans out of purchasing a home. In 2023, Lombardo vetoed legislation that would have limited how many homes big corporations could buy in a single year, a policy Trump is now claiming he supports. During the 2025 legislative session, Lombardo pressured members of his own party to block a similar bill.
A recent survey found that under Lombardo, an overwhelming majority of Nevadans think housing is unaffordable. As a majority of homes for sale are unaffordable to most buyers in Las Vegas, one in three Nevadans have considered leaving the state because of rising housing costs. Adding insult to injury, Trump’s tariffs — that Lombardo supports — will raise the cost to build and purchase a home.
See more below:
2 News: More plans to stop corporate landlords from buying homes in Nevada
- President Donald Trump posted on Truth Social on Wednesday, calling on Congress to make changes to limit corporate investors from buying up single-family homes.
- Currently, Nevada Democratic Senator Jacky Rosen and Nevada Democratic Representative Steve Horsford are trying to push legislation forward that does exactly that.
- There’s also been multiple attempts at the state level.
- In the 2023 Nevada Legislative Session, Nevada Governor Joe Lombardo vetoed SB395, a corporate housing bill.
- The bill’s sponsor, State Senator Dina Neal (D), Las Vegas, brought back similar legislation in last year’s regular session.
- We reached out to Governor Lombardo’s Office since, on the surface, it appears the President and the Nevada Governor are on different pages.
- However, Lombardo said in a statement, … “Following the end of the 36th Special Session here in Nevada, we have been actively developing an interim stakeholder working group to develop a complete understanding of the issues surrounding corporate homeownership…”
- This working group has not been introduced or mentioned. We asked his office for more details, and they said they could not provide any.
3 News: Trump aims to ban institutional investors from buying single-family homes
- Former President Donald Trump announced his intention to seek a ban on institutional investors purchasing single-family homes, stating that the move would make housing more affordable for Americans.
- This announcement comes after Gov. Joe Lombardo recently vetoed legislation in Nevada that would have limited the practice.
- State Sen. Dina Neal, who authored the bill, expressed her support for the proposed ban and emphasized the need for such measures in Nevada.
Nevada Current: Homes in the U.S. are less affordable than in the past, says housing analyst
- In Clark County, where the annual typical wage was $66,105, a buyer in the last quarter of 2025 would have had to spend 42% of their pay on home expenses, compared with a historical average of 31.7%.
- Clark County was the 223rd most affordable county of the 594 analyzed in the report, while Washoe County was 220th.
- A homebuyer in Washoe County, which had an annual average wage of $70,954, would have had to spend 48.4% of that on home expenses in the last quarter, compared with a historical average of 38.9%.
- The report assigns an affordability scale to each county. Those with scores under 100 are less affordable than historic averages.
- That landed Clark County a 75 on the affordability scale for the quarter and an even more unaffordable 60 for the entire year.
- Washoe scored 80 on the affordability scale for the last quarter and 63 for the year.
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