Howard Fischer and Bob Christie | Capitol Media Services
PHOENIX — Facing pressure from even some members of her own party, Gov. Katie Hobbs is now offering her own plan to override some city regulations to allow for more “starter homes.”
That plan is in some ways more restrictive than what the Senate just approved a week ago, applying to even more cities.
But it also comes with a provision that’s not in the Senate version: A requirement that a certain percentage of these new — and, presumably, more affordable — homes be reserved for Arizonans who intend to live there versus investors looking for a bargain.
Her move comes a year after the Democratic governor, at the behest of the League of Arizona Cities and Towns, vetoed a similar measure proponents said would make …
See the full Home Prices article, or, read more Arizona real estate investing news. Go ahead. You know you want to.
