Affordable housing tax credit stirs debate

By Greta Forslund | Arizona Capitol Times

Some lawmakers and housing advocates fear two bills proposing a state low income housing tax credit program are the wrong response to the mounting issue of housing affordability in Arizona.

The program, currently operated in Arizona from the federal level, offers tax credits against insurance premium taxes and corporate income taxes to developers of qualified affordable housing projects.

The bills, introduced by Rep. Regina Cobb, R-Kingman, and Sen. David Gowan, R-Sierra Vista, would allocate $8 million over six years to a state tax credit program. About 20 other states have enacted or proposed similar programs.


Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories