By FOX 10
SEDONA, Ariz. – The city of Sedona is offering an incentive for homeowners to not use their houses as Airbnb rentals.
The city council approved a $240,000 program earlier this week that would incentivize homeowners to lease out their homes to local workers because of a lack of affordable housing.
According to data from the city, only 4% of total dwelling units in the city are apartments – drastically below the 16% average in the state.
“People working in Sedona struggle to find housing due to skyrocketing real estate prices and vacation rentals dominating the rental market,” city officials said.
