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 [...]
Committee passes bill taking away rent taxing ability from cities
State lawmakers took the first steps Monday to strip cities of their ability to tax rents on homes and apartments.