A new report from the American Economic Liberties Project makes policy recommendations to expand affordable housing.
The think tank used Arizona as a case study to examine how corporate investments decreased access to homeownership.
The report says one of the key issues in Arizona is that there simply haven’t been enough homes built to meet demand.
It traces the problem to a market crash in the 1970s that caused many local home builders to either shut down or be bought up by larger corporations.
The report says a long history of lax regulations incentivized Wall Street investors to buy up single family homes after the 2008 housing crisis — and to rent them out instead of selling to new homeowners.
Study authors recommended policies to limit the number of homes large investors could buy and reduce tax breaks that incentivize single family home rentals.
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he event, called PhiusCon, is being put on by a nonprofit called Phius, which certifies professionals in its passive building standard. This is the first time in the conference’s more than two-decade history that it’s taking place in the Southwest. -
The building, located at Central and Camelback, has been under construction for several years. But now, One Camelback is ready to serve as housing. -
The city says more than 9,000 accounts are significantly behind on payments — that comes out to nearly $24 million in past-due balances. Phoenix had suspended water shut-offs in 2020 in response to the COVID-19 pandemic. -
As the majority of voters believe the economy and their own financial situation is getting worse, their candidate preferences reflect that. -
The association says immigrant workers account for more than 25% of the construction workforce. And the impact of immigration enforcement and workplace raids is felt across the board — with some markets reporting even workers with legal status not showing up due to ICE fears.
