Tagged: market-rate units

A Balanced Approach to Addressing the Housing Crisis

An op-ed in the Arizona Republic argues that building more housing units at the top end of the price scale is necessary, and that mandating policies for “workforce-attainable” and “affordable” market spaces may be detrimental. The article suggests that building more homes at market rates rather than focusing on affordable or subsidized housing can help reverse the housing crisis. However, the market is already building upper-end market-rate units, with nearly 90% of projects in the top two classes. The challenge lies in getting more projects moving and more units delivered given the current constraints.