Gov. Katie Hobbs’ housing agenda includes incentivizing affordable housing development, allowing more flexibility for local regulation and letting cities tighten up the rules on short-term rentals. The regulatory changes would need to move through the Legislature, but the incentive plan would largely be accomplished by a big-ticket spending item in her budget proposal: a $150 million deposit in the Housing Trust Fund.
Arizona has a shortage of housing, and has for some time now.Among her priorities, Gov. Katie Hobbs wants to empower local communities to build more affordable housing and lower costs for both renters and owners. Housing played a prominent role in her State of the State address on Monday.Senate President Warren Petersen (R-Gilbert) says he, too, wants to increase the housing