An influx of major companies such as Tesla, Google, and Switch combined with geographical limitations on development have pushed median home prices in the Reno area up to around the $400,000 mark — out of reach of many residents.
In September, Mayor Hillary Schieve announced a pilot program designed to address the area’s housing shortage called “1,000 homes in 120 Days,” offering developers local permit fee deferrals that act as no-interest “loans” to attract more construction. By the end of the 120-day application period on Jan. 30, developers had proposed 4,628 housing units scattered throughout Reno.
