News 3 LV: Developers, Clark County work to meet affordable housing demand

Jess Molasky of Ovation discusses affordable housing needs

Molasky was explaining the dilemma for developers as he guided U.S. Representative Steven Horsford on a tour of Ovation’s “Harmony” development, which offers what’s described as luxury independent living for seniors, including utilities, for about $1000 a month. But, Molasky said inflation, higher construction costs, and rising interest rates aren’t the only challenges developers presently have to address a 79-thousand unit shortfall in Clark County.

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