By Audrey Jensen | Phoenix Business Journal
The city of Glendale, one of the largest suburbs of Phoenix, is looking to increase its affordable housing supply by incentivizing developers.
A city report said that Glendale currently has 1,306 units of affordable housing under some form of development with five developers. But market conditions including inflation, supply chain issues, labor shortages and increased costs of materials have made it difficult to build.
As a result, all of the affordable housing developments underway in Glendale lack the funding to begin or complete, according to the city, which also said that Glendale’s median household income is 17% lower than Maricopa County’s.
“The number of persons living in poverty is 6% higher, indicating that Glendale has a larger proportionate rate of residents in need of affordable housing units,” the city report said.
On January 10, Glendale City Council held a workshop to discuss a community development fee waiver and grant program to help support affordable housing in the West Valley city.
This would allow up to 100% of community development fees to be waived or rebated for development that have a contract with the Arizona Department of Housing to maintain affordability for 30 years, the report added.
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