Will $10,000 convince Sedona homeowners to rent to locals instead of tourists? City wants to find out
Around the state, many cities and towns claim they want to see lower housing costs, but at the same time, have enacted roadblocks to new development. This has given rise to some strange schemes. One of the strangest: Sedona is planning to pay homeowners up to $10,000 as an incentive to turn their short-term vacation rentals into longer-term homes for local workers or displaced long-term residents. The city hopes the $240,000 will create less expensive rentals for about 35 people.
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