April 24, 2024 9:15 pm
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Scottsdale developer plans attainable housing through land leases, manufactured homes

By Corina Vanek | Phoenix Business Journal

A Scottsdale developer who has specialized in auto malls saw an opportunity to pivot during the pandemic to try to address a problem that has become more acute in Arizona.

Jim Mullin, founder and CEO of American Resort Communities, has proposed three projects aimed to create attainable housing, in which single-family homeowners will buy the residence, but lease the land from the landowner, making the housing more affordable because the sale does not include the land.

Read the full subscription story from the Phoenix Business Journal.

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