.@CityofPhoenixAZ, @PHXHousing were invited to a roundtable with @RepRubenGallego and @linakhanFTC. Housing Director, Titus Mathew and housing partners thankful for the opportunity to share insight on challenges #renters face in Arizona and solutions to address their needs.
I'm sorry to hear about the passing of Manny Quinonez. What a special member of the City of #PHX family. His personality & strength was unmatched – he was just great to talk to!
He will be missed. Our thoughts are with his family. Read about Manny here: https://t.co/iZiGTgg7lp
Our @PHXHousing also updated us on progress made with the recently approved $17M in ARPA funding for affordable housing:
✅ $5M Community Land Trust
✅$12M for more affordable housing, including $6M for a partnership with @NAC_Phoenix
Increased FMRs raise the value of vouchers!
Phoenix’s 33% increase in fair market rents (FMRs) directly impacts housing choice voucher (HCV) holders, helping voucher families find and afford housing in areas of greater opportunity. https://t.co/62g8Fyjaae
Nationally, FMRs will increase an avg. of 10%, while #Phoenix, identified as one of several metro areas seeing the fastest rent growth, will see an FMR increase of 33%, the largest year-to-year % ⬆️ seen in recent years. Increased FMRs raise the value of vouchers!