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Low income housing credit left out of bipartisan budget deal
Key Points: Tax credit provides incentives to create affordable housing Recent budget fails to fund tax credit Loss of program could exacerbate homelessness, stunt development Gov. Katie Hobbs and Arizona […]
Arizona must renew the low income housing tax credit
Early this decade, the Legislature made one of the most consequential moves to increase the number of residential units that our workforce can attain. The state implemented a Low Income […]
Arizona’s housing tax credit is quietly working — let’s not pull the plug
Arizona is deep in a housing crisis. Families across the state — seniors, essential workers, veterans and young parents — are struggling to find a place they can afford. Rising […]
Hobbs, GOP lawmakers tout wins in budget as battle to define spending ahead
Two media events on Monday highlighted the coming political battle to define the $17.8 billion budget that lawmakers passed, and the governor signed last week.
Affordable housing tax credit draws ardent debate
Some lawmakers and housing advocates fear two bills proposing a state low income housing tax credit program are the wrong response to the mounting issue of housing affordability in Arizona.
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 [...]
