By Catherine Reagor | Arizona Republic
Arizona needs as many as 270,000 additional homes with rents and prices below what apartments and houses are going for now to keep the state’s growing affordable housing problem from becoming a crisis.
That’s an estimate from the Arizona Department of Housing — and a much higher one from a few years ago — because of rising housing costs and the state’s fast-growing population.
Most of the affordable apartments and homes are needed in metro Phoenix.