Citing an “alarming shortage” of affordable housing in Arizona, a new committee has formed to advocate for developers of apartment projects.Known by its acronym, NAIOP, the National Association of Industrial and Office Properties is a commercial real estate development association with over 21,000 members across the country.Its Arizona chapter is the largest and advocating for multifamily development was identified as the greatest need in the state.“Arizona has long been known as an affordable place to live, but this has been changing quickly,” said Suzanne Kinney, president and CEO. “As our state faces an alarming shortage of attainable housing, NAIOP is taking steps to be part of the solution.”
The Baffert at Five Points has been years in the making in the face of a long drawn out process.
Grace Trejo, Arizona Daily Star
She said obstacles to bringing new projects online include government regulations that vary from towns to cities and, in some cases, are handled by understaffed departments.
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