RENO, NV (KOLO) -- Affordable housing is a major struggle in Reno. There simply are not enough places to live that don’t break a person’s bank. Construction companies are looking at building low maintenance units similar to apartments. But instead of putting them up for rent, the Nevada Builders Alliance said for sale is the way to go.
"We're seeing a lot of for-rent product and a lot of that is driven by affordability," Aaron West, CEO of Nevada Builders Alliance, said.
Located off Tonapah Street in Midtown are new 3-story, three-bedroom, two-bath, 1,700-square-foot attached homes that include garages, balconies and no yard maintenance.
"This speaks to millennials and to folks that are stepping down but still want access and walking distance to amenities and things like that," West said.
Because these new units are for sale at $600,000, that drives up the price of the surrounding homes.
"100 feet from these brand new beautiful product are homes built in the 40s and 50s that are under 1,000 square feet that are now over $400,000," West said.
The Nevada Builders Alliance is a nonprofit that represents many construction companies that say our state’s increased minimum wage and more jobs can help Nevadans buy a home they can afford.
"Someone who's hopefully in a $400,000 home can now be in a position to buy a $600,000 home; that then makes room for somebody who's either renting or in a $200,000 unit to move up, so at the end of the day it should all be good, but it fuels that affordability issue," West said.
The organization said construction companies are in need of more workers to help build new homes. If you’d like to help, click here.
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