It's All About Legislative Advocacy
The Nevada State Apartment Association (NVSAA) is a non-profit organization who provides the Nevada multi-housing industry with legislative support, education and community outreach to benefit our membership and the communities we serve. Legislatively, we are committed to serving our members on all issues that impact our industry. We strive to monitor all industry-related local, city, state, and federal legislative changes and educate our members on the potential impact to their businesses. With the assistance of the National Apartment Association (NAA), professional liaisons, retained lobbyists and our dedicated Legislative Committee, we further strive to challenge adverse legislation so as to protect member rights and maintain a viable and productive industry.
Below is a list of legislative issues in 2009 and 2011 which the NVSAA represented its members and worked to ensure these bills did not negatively effect our industry moving forward.
In 2009 alone, the NVSAA helped every property SAVE, on average, $40,800**. NVSAA helped SAVE industry jobs, for both properties and vendors alike.
** Based on a conventional 200 unit property in Las Vegas; Averaging 3 evictions per month, with an average Market Rent of $800 per month, with miscellaneous operating expenses and turnover costs included; Actual amounts varied based on unit count
Legislative Resources for Our Industry
Why We Invest (and You Should Too!) In Our Industry
A catastrophic legislative storm can create a tremendous amount of damage. Negative legislation and regulations can tremendously affect YOUR RESIDENTS, YOUR CLIENTS, YOUR JOB, and YOUR COMPANY’S FINANCIAL SECURITY. The NVSAA advocates for and against legislation related to the problems and concerns of rental housing owners and professionals, but we need your HELP! Candidates elected during this election cycle will become the “decision makers” of tomorrow. The NVSAA supports those candidates who UNDERSTAND and are receptive to our industry’s positions.
NVSAA members play a crucial role in protecting the industry’s bottom line by investing in NVSAA’s LAF (Legislative Affairs Fund).
If you DO NOT protect your industry, WHO will? In order to make an impact and a difference in our industry WE NEED YOUR PARTICIPATION TODAY. Invest in the NVSAA LAF today and help us be the voice of the rental housing industry in Nevada.
Meet Our Legislative Team
Thank you to all who have DONATED this calendar year. The NVSAA appreciates your support.
Record-setting tourism and the strongest convention attendance in several years are driving employment growth and creating apartment demand Las Vegas. Job growth is well above the national average, spurring developers to complete projects that were mothballed since the recession. In addition, multifamily permitting is trending more than 60 percent higher as builders rush to keep up with demand for rental space. While more than 1,400 apartments have been completed during the past year, vacancy fell sharply and concession activity nearly halted on well-located properties near employment hubs. The leisure and hospitality sector is providing the biggest job gains in the economy, although more corporations are relocating to the metro due to its position as a travel destination and the lack of a state income tax. The new workers hired by these companies are choosing to rent in prime areas to the southwest of the city, close to shopping centers, freeways and the Strip. Single-family housing costs in these areas are above the metro average, spurring strong rental growth and pushing vacancy down. Tightening operations will lift rents up 3.4 percent this year, more than 100 basis points above inflation.
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