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Phoenix looks to turn city-owned land into affordable housing; parcel near Park Central is up next

 Phoenix looks to turn city-owned land into affordable housing; parcel near Park Central is up next

As part of Phoenix’s 2020 housing plan to create or preserve 50,000 housing units at all price ranges by 2030, the city seeks proposals for a mixed-income community on a 3.2-acre parcel near Central and Columbus avenues. The site, near light rail and the revitalized Park Central with its “bioscience hub,” must reserve half of the units for those earning 80 percent or less of area median income ($56,550 for a couple, for instance) and include either commercial or public space on the ground floor. Councilmember Laura Pastor suggested a developer should lease, not purchase, the site so the city could hang onto it. This is one of about 20 sites citywide earmarked for at least some affordable units.

Source: https://www.azcentral.com/story/money/business/consumers/2023/07/10/phoenix-owned-land-near-park-central-could-become-affordable-housing/70385105007/

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