CALL US: 602-296-6200
CALL US: 602-296-6200

Glendale wants more affordable housing. This is how the city plans to get developers’ attention

 Glendale wants more affordable housing. This is how the city plans to get developers’ attention

Affordable housing developers could save roughly $300,000 to $1 million on community development fees now that Glendale voted to waive those fees in order to goose the supply in its city. This applies to projects awarded tax credits through the Arizona Department of Housing, but could be awarded in other cases if the city deems the units meet certain affordability qualifications. About 3,000 families are getting some kind of credit or voucher in Glendale, but about 14,000 could qualify for affordable housing. Right now, five developers are building seven affordable projects, which the city hopes will replenish some of the supply that’s expiring and will revert to market rate.

Source: https://www.azcentral.com/story/news/local/glendale/2023/03/22/glendale-to-waive-fees-for-affordable-housing-developments/70031507007/

Related post

Subscribe to The Home Front

Fill out the information below to join our newsletter.

This field is for validation purposes and should be left unchanged.