flexiblefullpage - default
Currently Reading

Arizona Housing Fund Raises $1.3M for New Affordable Housing Development

Advertisement
billboard - default
Affordability

Arizona Housing Fund Raises $1.3M for New Affordable Housing Development

Thousands of small donations from Arizona buyers and sellers have amounted to more than $1.3 million raised for the development of affordable housing units across the state


March 31, 2023
Person putting coin in piggy bank next to small house
Image: powerstock / stock.adobe.com

For the past three years, Arizona homebuyers and sellers have been given the option of adding a $25 donation to their closing costs to support affordable housing development through the Arizona Housing Fund (AHF). With the help of 4,100 individual donors and matches from agencies and developers, AHF has raised more than $1.3 million for the construction of affordable housing units statewide.

The Fund recently awarded $850,000 to four projects that will bring about 200 additional housing units to the state, Axios Phoenix reports.

Why it matters: Arizona is short about 270,000 housing units, which has spiked apartment and home prices and pushed out many middle- and low-income earners.

What they're saying: "It's really something that seems like the whole of our community really embraces. Everyone knows we have such a problem. Everyone wants to be part of a solution and we give people a way to do that," fund founder Howard Epstein tells Axios Phoenix.

    Read more

     

    Advertisement
    leaderboard2 - default

    Related Stories

    Affordability

    The Disappearing Act That Is Middle-Income Housing

    An expert weighs in on the diminishing supply of middle-income housing, which is particularly acute in California, and what to do about it

    Off-Site Construction

    Utah Passes Bill to Regulate Modular Construction at the State Level

    Goals for housing innovation and affordability meet in the Utah's passage of a new bill that establishes a statewide modular construction program

    Affordability

    Affordability Improves, but the Average Worker Still Struggles to Afford a Home

    Homeownership around the U.S. continues to require historically large portions of worker wages, a new housing-affordability report finds

    Advertisement
    boombox1 -
    Advertisement
    native1 - default
    halfpage2 -

    More in Category

    Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

    NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

    Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

    Advertisement
    native2 - default
    Advertisement
    halfpage1 -

    Create an account

    By creating an account, you agree to Pro Builder's terms of service and privacy policy.


    Daily Feed Newsletter

    Get Pro Builder in your inbox

    Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

    Save the stories you care about

    Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

    The bookmark icon allows you to save any story to your account to read it later
    Tap it once to save, and tap it again to unsave

    It looks like you’re using an ad-blocker!

    Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

    Disable your ad-blocker
    Disable now
    Subscribe to Pro Builder
    Subscribe
    Already a member? Sign in
    Become a Member

    Subscribe to Pro Builder for unlimited access

    Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.