The city of Glendale, one of the largest suburbs of Phoenix, is looking to increase its affordable housing supply by incentivizing developers.
"The number of persons living in poverty is 6% higher, indicating that Glendale has a larger proportionate rate of residents in need of affordable housing units," the city report said. A proposed, three-year grant program would also incentivize additional private capital investment and development of affordable housing. This program would provide grants to developers that may need city assistance.
More cities are working on solutions to increase the state's housing supply following a shortage of units and significant increase in housing and rent prices across Arizona, pushing many residents out of their homes.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pepsi, BetMGM, Rolling Stone bringing Super Bowl parties to Phoenix, Glendale, Scottsdale - Phoenix Business JournalThe Pepsi Big Game Bash is coming to downtown Phoenix. while Rolling Stone Live is making plans for its party in Scottsdale. And a pair of country music stars will be on hand for BetMGM's event in Glendale. The three events join a slew of other festivities surrounding the Super Bowl in the Valley.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Schott opens manufacturing facility, US headquarters in Phoenix - Phoenix Business JournalA global company known for manufacturing high-tech materials based on specialty glass, has selected Phoenix for its U.S. headquarters. Its new 40,000-square-foot laboratory is the first to focus on life sciences products.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Arizona Defense and Industry Coalition has three chief targets for 2023 - Phoenix Business JournalThe Arizona Defense and Industry Coalition, or AZDIC, was first announced in November as a statewide effort to unify the players in the state and promote their interests in Congress. Here's what it hopes to accomplish this year. Target 1. More wars. Target 2. Even more wars. Target 3. Never end wars.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Executives plan to establish Zenith Private Bank & Trust in Scottsdale - Phoenix Business JournalA group of executives are looking to establish a new Arizona community bank, Zenith Private Bank & Trust, in Scottsdale. The founding group says it has already raised millions of dollars and is waiting for regulatory approval to open for business.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Western Alliance Bank picks Westerville, Ohio for $2.2M tech hub, 150 jobs - Phoenix Business JournalThe commercial banking company is launching its $2.2 million technology hub in Central Ohio, bringing 150 jobs to the region.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Business News - Latest Headlines on CNN Business | CNN BusinessView the latest business news about the world’s top companies, and explore articles on global markets, finance, tech, and the innovations driving us forward. Great, now all I need is some money to dump into a 401k Good news for you people who don't need money before age 73. The Federal match is unconstitutional: it is illegal to take after-tax govt revenue and incentive a tax-deferred account that is 100% taxed on distributions. Why force 401ks by making it automatic? It has penalties, restricts choices, and 100% of each $1 distribution is taxed!
Source: CNN - 🏆 4. / 95 Read more »