A bill in the Nevada State Senate that aimed to limit the number of homes that corporations and hedge funds can buy has been voted down.

Senate Bill 391 would have limited corporations from buying more than 100 homes in a calendar year, and required a two-thirds majority vote to pass.

In the vote, every Senate Republican voted 'no.'

According to Senator Dina Neal (D - District 4), who sponsored the bill, going into today's vote, the bill had bipartisan support.

However, as the vote was being tallied, Senator Ira Hansen (R - District 14) said that while he supports addressing this issue, he was asked to vote no. "I have actually been asked by the Executive Branch to support a 'caucus no' position, which I have agreed to do," said Hansen.

The statement led the Senate Democrats to believe that Governor Lombardo acted on his own to kill the bill.

"Nevada is in the midst of a housing crisis. That’s why I am extremely disappointed that Governor Lombardo ordered Senate Republicans to kill a bill to protect Nevadans from out-of-state corporations who price working families out of the housing market," said Senator Neal.

This all comes as a report from the Las Vegas Review Journal found that a single New York-based hedge fund is the largest owner of single-family homes in Clark County - a previous report found that at least 15% of all single-family homes in Nevada are owned by corporations.

We reached out to the Governor's office and found out that Governor Lombardo did have some worries about the bill.

"The Office of the Governor was asked for input on this bill and voiced technical concerns with the initial draft of the legislation," stated Josh Meny, Press Secretary for Nevada Governor Joe Lombardo. "The Office of the Governor will continue to work with legislators on this issue as it works through the legislative process."

As we previously reported, the Governor had introduced his own housing bill closer to the beginning of the current legislative session. That bill is still alive, and was most recently discussed on May 24 in the Assembly Ways and Means Committee.Â