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Facing 2021 and Housing Uncertainty

Kristopher Dahir, Sparks City Council Special Guest: T Tran

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As the COVID-19 pandemic lingers and rental homes continue to increase, many of our senior citizens will continue to be at risk of housing uncertainties. This is not acceptable for me and I want to help assure that our most vulnerable have a safe and healthy place to lay their head. There is a lot of work that needs to take Kristopher Dahir place to see this a reality but in the mean time I hope to arm our seniors with the best information they can have if they are facing eviction or a personal housing crisis. This is why I asked a friend of mine, who is an expert in this area, to join me for a conversation and answer a few of my questions. Her name is T Tran and I hope our Q and A conversation helps equip you with the most relevant information.

Q- What is your background and how does your experience

help us today?

A- I’m a native Northern Nevadan, Real Estate Broker and Property Manager and have been licensed for 15 years. I’ve had the opportunity to do everything from leasing Section 42 Tax Credit properties to being the managing Broker for hi-rise condominiums in Las Vegas. Having worked through the Recession in 2008 has made me hyper aware of what is happening in our housing market with the pandemic. I also currently serve on several boards, including the Real Estate Advisory & Review Board for the state, the Review Committee for Washoe County’s Home Consortium and Reno’s Tenant Issues Board.

Q- What are your concerns in the area of senior housing for

2021?

A- Our lack of inventory and the affordability of what is available. We were actually seeing some stabilization in 2018 in rents but with the combination of the pandemic and the continued influx of people from other states moving here, rents have increased astronomically. Home sales are also at an all-time high in our area, with Reno average sales prices hitting the $500k mark. I’m glad we see continued growth in our area but the rate at which it is happening is alarming. (Housing on page 6)

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