By Suelen Rivera | KTAR
PHOENIX — Arizona Gov. Doug Ducey signed a bill last week that will remove the cap of the size of affordable housing apartment communities built by developers wanting to qualify for a property tax exemption.
The bill — HB2610 — allows for more construction of larger apartment communities across the state that will income-eligible tenants can rent, according to a press release.
Tom Simplot, the Arizona Department of Housing Director, said in the release that the new law will aid with increasing affordable housing by ridding of any unnecessary barriers to development.
