Assembly Bill 540 of the 2025 session was the governor's housing bill. It is large, but two parts matter to apartment owners in the Reno-Sparks area: a rent reporting program and a requirement that local governments speed up approvals for certain new housing.
What changed
Rent reporting. The bill adds a section to NRS Chapter 118A, now NRS 118A.525. It says the Housing Division of the Department of Business and Industry may establish a program for reporting rental payments to a credit reporting agency. Any such program must be offered at no cost to a landlord or resident. The Division may not require anyone to take part, and a landlord may not require a resident to take part or penalize one who does not. The Division may set safeguards for voluntary participation, publish a list of approved third-party vendors, and adopt rules on resident consent and dispute procedures. A parallel section covers manufactured home communities in Chapter 118B.
Faster approvals. Section 30 requires each county and city governing body to enact an ordinance creating an expedited process for approving attainable housing projects, plus incentives for using it.
Funding. The bill creates the Nevada Attainable Housing Account, administered by the Division, and requires matching funds from entities that receive money.
Who this affects
Owners and managers who may be asked about rent reporting, and owners who compete with or plan new housing. The law says the Division "may" establish a rent reporting program. We did not confirm that a program has launched.
Effective date
Most of the bill took effect July 1, 2025, with an earlier start for preparatory work such as writing regulations.
What owners should do
- Do not require residents to join any rent reporting program, and do not treat a resident differently for declining.
- Check the Housing Division's website for whether a program exists and which vendors are approved before you offer one.
- Read your city's or county's ordinance for attainable housing approvals if you plan a project.
This is a summary, not legal advice. Your attorney can advise on your own communities.