November 22, 2024 4:07 pm
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A problem with prosperity: Fewer landlords participating in affordable-housing programs in Tempe, Chandler

Riviera Village is a low income housing apartment community that provides 1-2 bedroom apartments for rent in Tempe.

By Jerod MacDonald-Evoy | The Republic

Tempe and Chandler are enjoying a boom in tech-industry jobs alongside economic growth not seen since the days before the Great Recession.

That increased prosperity comes with an unanticipated consequence.

Affordable housing is becoming harder to find, and properties that historically participated in rental-assistance programs are starting to opt out.

Representatives of cities and non-profits are not entirely sure why that is happening, but an increase in financially qualified tenants could be one reason.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.