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Pima County considers major boost for affordable housing funding

September 17, 2024 | Pima County, Arizona


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Pima County considers major boost for affordable housing funding
In a recent government meeting, Pima County officials discussed significant funding initiatives and ongoing housing projects, highlighting the allocation of federal dollars aimed at enhancing local infrastructure and affordable housing.

One of the key topics was the planned widening of local ports, which is expected to improve traffic flow and increase capacity. Officials emphasized the importance of this investment, inviting colleagues to participate in future discussions related to the project.

The meeting also addressed the upcoming Regional Transportation Authority (RTA) board meeting, with Supervisor Scott urging colleagues to provide input on the RTA's next plan before the September 26 deadline.

A notable decision was made regarding the Southwest Nonprofit Housing Corporation's Rio de Aracil Apartments, where the board approved a $1 million general fund contract. The motion passed with a 4-1 vote, with Supervisor Christie dissenting.

Additionally, the board discussed a lengthy rezoning case that has seen multiple extensions since its initial approval in 1989. Supervisor Scott remarked on the unusual duration of the process, which has now become the longest extended rezoning in Pima County's history.

The meeting concluded with a review of funding options for the Pima County Housing Trust Fund. Administrator Lehi presented three potential strategies for increasing the current allocation for affordable housing from $5 million to $10 million. The options included adjustments to property tax rates, general sales tax, or general obligation bonds, each accompanied by pros and cons. Supervisor Hines expressed concerns about the regressive nature of sales taxes and suggested exploring adjustments to the PAYGO formula to facilitate the increase without impacting capital projects.

The discussions reflect ongoing efforts by Pima County officials to address infrastructure needs and affordable housing challenges, while navigating the complexities of funding mechanisms.

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Scribe from Workplace AI
Scribe from Workplace AI