Prescott faces housing crisis as prices soar

During a recent government meeting, officials discussed the pressing issue of land use and affordable housing in Prescott, Arizona. The city, which spans approximately 41.5 square miles, is facing challenges related to its housing market, particularly as the average home price has surged to around $607,000 as of June 30. This figure starkly contrasts with surrounding communities, where homes are priced significantly lower—Prescott Valley at $462,000, Chino Valley at $492,000, and Mayer at $300,000.

A key point of contention was the proposed requirement for any infill housing projects to undergo a major change to the general plan. Critics argued that this could hinder the development of affordable housing and contribute to Prescott's transformation into a retirement community, as over half of its population is of retirement age. The concern is that such regulations would favor wealthier retirees, making it increasingly difficult for families and workforce members to find suitable housing.

The discussion highlighted the importance of infill projects, which are seen as essential for addressing the city's housing needs. However, the added expenses and delays associated with the current approval process were noted as significant barriers. Officials expressed a desire for a more streamlined approach that would facilitate the development of affordable housing without compromising the community's character.

One member pointed to Sedona as a cautionary example of what could happen if Prescott does not adapt its housing policies. Sedona has become known for its high property prices and restrictive homeowners associations, leading to a lack of affordable options for residents. The speaker emphasized the need for Prescott to avoid a similar fate, advocating for a compromise proposal put forth by city staff that aims to balance development with community needs.

As discussions continue, the city faces the challenge of ensuring that Prescott remains accessible and family-friendly while navigating the complexities of its housing market.