In an effort to attract more housing for low-income residents, Phoenix could follow in Glendale’s footsteps.
Developers who receive a state tax credit to build low-income housing can also get city fees waived in Glendale. Those development fees can range from a few hundred thousand to $1 million.
Phoenix City Councilwoman Debra Stark wants her colleagues to consider budgeting $2 million to waive or reduce costs for eligible developers.
“Because I think that would be a very useful tool, incentivizing affordable housing,” she said during a council subcommittee meeting.
Phoenix has about 20 active projects for low-income housing. Staff reviewed seven projects to present an average review and permit fee cost to council members, which was $300,000.
The city’s planning and development department is considered self-funded, which means customer fees are designed to cover the department’s costs.
The full City Council must discuss potentially reducing or waiving fees before taking any action.
