- Phoenix may increase impact fees on builders to fund infrastructure improvements, potentially adding up to $35,000 to the cost of a new home.
- Combined with rising tariffs on construction materials, the total cost increase for new homes could reach $45,000.
- Experts warn that these increased costs will likely be passed on to homebuyers and renters, exacerbating affordability challenges in the Phoenix area.
Higher development fees in Phoenix could raise the cost of a new house by as much as $35,000, just as higher tariffs on construction materials could drive up the price of building a home as much as $10,000.
Phoenix has proposed double-digit jumps in impact fees charged to builders to pay for water plants and pipes, fire and police stations, and roads in most parts of the city.
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