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State LIHTC can help meet rental housing market’s spiking demand
When it comes to constructing rental housing for these new residents, the law of supply and demand very much applies in our state. When developers cannot construct new rental units quickly enough to meet the needs of these new Arizonans – and estimates show that Arizona needs to add about 240,000 new rental units this decade – the marketplace dictates that rents rise. The greater the rise in [...]
Programs for homeless, mentally ill would be axed
Cutting its budget by 15 percent would mean significant cuts in contributions to housing programs for the mentally ill and completely eliminating a homeless-prevention program, according to the Arizona Department of Housing.
Housing director moves to Commerce
After just two months as director of the Arizona Department of Housing, Donald Cardon will instead be heading up the state Department of Commerce.
