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Phoenix says it met Housing Phoenix goal five years early; housing trust fund to be considered
Summary
Mayor Kate Gallego said the city reached its goal of creating or preserving 50,000 housing units five years ahead of schedule and that council will consider creating a Phoenix housing trust fund at the next meeting.
Mayor Kate Gallego told attendees that the city's Housing Phoenix Plan goal — to create or preserve 50,000 housing units — was achieved five years ahead of schedule and exceeded by about 3,000 units.
“We met that goal 5 years ahead of schedule, and surpassed it by nearly 3,000 units,” Gallego said, describing purchases of land from school districts and prioritizing affordable housing on city‑owned properties. She said the city is replacing dated public housing by rebuilding on those sites.
Gallego described personal stories to illustrate the impact of affordable housing investments, including a resident who left an abusive relationship and found housing at a city‑supported affordable complex, and said the investments “save and change lives.”
The mayor announced that at tomorrow’s city council meeting, she and her colleagues will create a Phoenix housing trust fund to continue supporting affordable housing. The transcript did not include a vote on the fund; the item was presented as an upcoming council action.
Gallego noted multiple headwinds affecting affordability, including inflation, supply‑chain disruptions, interest rates and tariffs, and credited Councilwoman Keisha Hodge Washington for leadership on the new fund. She did not provide a dollar amount for the proposed trust fund during the address.
