Backlash against affordable homes intensifies housing shortage

Arizona needs as many as 270,000 additional homes with rents and prices below what apartments and houses are going for now to keep the state's growing affordable housing problem from becoming a crisis.

Arizona needs as many as 270,000 additional homes with rents and prices below what apartments and houses are going for now to keep the state's growing affordable housing problem from becoming a crisis.

In this article published Nov. 15, 2021, in The Arizona Republic:

Valley rents are among the fastest growing in the nation, and wages aren't growing that fast. The experience of trying to get one affordable project built feels almost seemingly impossible to many developers.

– Mark Stapp, executive director of the Master of Real Estate Development program and Fred E. Taylor Professor in Real Estate