The Las Vegas Valley is facing a severe housing crisis with a shortage of over 78,000 affordable rental units for low-income renters. Various stakeholders and government officials acknowledge the problem and are taking action. The proximity to California's high purchasing power has inflated real estate prices in Nevada. Efforts to address the crisis include government funds and initiatives, but challenges persist due to market dynamics and land availability issues. The Southern Nevada Public Land Management Act is under scrutiny for delays in making land available for development.
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