After Lombardo Vetoed Legislation to Limit Corporate Homeownership, Trump Sides with Ford on the Issue
After Lombardo Vetoed Legislation to Limit Corporate Homeownership, Trump Sides with Ford on the Issue
Today, President Trump announced that he will call on Congress to ban large institutional investors from buying single-family homes – putting him directly at odds with Joe Lombardo who vetoed a bill that would have limited the ability of Wall Street corporate landlords to buy up housing stock in Nevada and drive up costs. Lombardo blocked a similar bill during the 2025 legislative session, then refused to include it in his special session proclamation.
Attorney General Aaron Ford has made it clear since day one that as governor, he will sign legislation to limit corporate homeownership within the first 30 of the 2027 legislative session. Last year, Ford demanded that Lombardo support similar legislation during the 2025 special legislative session.
After Lombardo’s veto, it was reported that the largest single homeowner in Clark County is a New York-based hedge fund, who owns close to 4,500 homes in Clark County. The second largest homeowner, another Wall Street firm, is based out of Dallas and owns another 3,400 homes.
“We’ll need to see what this bill looks like, but I’ve been clear: when I’m Governor, we’re going to limit Wall Street firms from coming into Nevada, buying up our homes, and pricing hardworking families out of their neighborhoods,” said Attorney General Aaron Ford. “Here in Nevada, Governor Lombardo has been our biggest roadblock to affordable housing. He vetoed and blocked similar plans to stop Wall Street firms from controlling our housing stock before refusing to include similar legislation in his special session proclamation. As I have said time and again, I am willing to work with anyone, Democrat or Republican, who is serious about lowering costs for Nevada families — that includes President Trump.”
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