By Brandon Messick | Havasu News
A long-planned rural housing development near Lake Havasu City is moving from the desert fringe toward the center of Mohave County’s growth strategy.
The Mohave County Board of Supervisors on Monday approved the first phase of DL Ranch, a planned 928-home development in Havasu Heights that county officials have also identified as a target for federal investment incentives.
The 379-acre project, led by Lake Havasu City-based APX West, is expected to begin with 42 single-family homes.
DL Ranch lies within a tract of land now submitted to the Arizona Governor’s Office for consideration by the U.S. Department of the Treasury, to be included in the federal Opportunity Zone 2.0 program.
The program offers incentives to financiers who invest in rural census-designated areas, allowing those investors to move capital gains from the sale of stocks, real estate or businesses into Qualified Opportunity Funds; with greater tax benefits for investors who keep their money engaged with those funds for at least a decade.
