flexiblefullpage - default
Currently Reading

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

billboard - default

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


    Related Stories


    Attainable Housing Options: Rethinking the Starter Home

    Three rapidly emerging design and development trends are helping to make housing more attainable without sacrificing style or convenience


    Jericho Project Receives HUD Funding to House Unsheltered New Yorkers

    The nonprofit Jericho Project seeks to house 90 unsheltered New Yorkers over a three-year grant period with the help of recent funding from the U.S. Department of Housing and Urban Development


    Free Housing Expo Offers Assistance to First-Time Buyers and Renters in NYC

    An affordable housing expo on June 10 aims to educate buyers and renters about opportunities for housing assistance in New York City

    boombox1 -
    native1 - default
    halfpage2 -

    More in Category

    native2 - default
    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
    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.