Proposal to build on rural land in Nevada falls short

    
 

Tuesday, Apr 10 2012 3:57PM

The Associated Press reports that plans developed by former lobbyist Harvey Whittemore more than a decade ago to transform unused land in southern Nevada into a thriving community with affordable housing units has yet to begin construction on new homes.

The Associated Press reports that plans developed by former lobbyist Harvey Whittemore more than a decade ago to transform unused land in southern Nevada into a thriving community with affordable housing units has yet to begin construction on new homes.

The Associated Press reports that plans developed by former lobbyist Harvey Whittemore more than a decade ago to transform unused land in southern Nevada into a thriving community with affordable housing units has yet to begin construction on new homes.

The news source says lawsuits against Whittemore for mishandling funding for the project has deprived hopeful residents from additional rural affordable housing options in the area.

The stalled development only adds to the slow recovery of the local economy in southern Nevada, which was hit hard by foreclosures throughout the slump of the housing market. Unemployment rates have also hindered a healthy comeback for the state.

Real estate consultant John Restrepo told the AP that it's possible the project could get underway soon. However, a lack of affordable housing in the area continues to leave the considerable demand unmet.

For further information, check out these sources: The Associated Press

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