Want a tax break in downtown Phoenix? You’ll have to pay for it in affordable housing

Construction cranes dot the downtown Phoenix skyline on Oct. 22, 2018. (Photo11: Michael Chow/The Republic)

 

By Jessica Boehm | AZCentral

Most large cities in the U.S. require developers who erect luxury apartment complexes to put money into a pot for affordable housing.

The city then uses that fund to build lower-cost housing and maintain affordability in high-growth areas.

This doesn’t happen in Phoenix, despite the rising cost of housing in the downtown core. In fact, it doesn’t happen anywhere in Arizona because state law forbids it.

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