The most recent Yardi Matrix National Affordable Housing Report ranked Phoenix 9th in the nation for most fully affordable (private sector) units under construction, with more than 1,000 units currently in progress. The report also listed Phoenix as one of six cities nationwide expected to deliver more than 2,000 fully affordable housing units in 2025, with 2,688 affordable units planned in Phoenix this year. According to Yardi, the Yardi Matrix multifamily database tracks more than 25,000 fully affordable properties with over 3.3 million units.
The Phoenix Housing Department’s leadership in creating and preserving affordable housing can be attributed to strategic initiatives such as the Housing Phoenix Plan (HPP), under the direction of the Mayor and City Council. In December 2024, the City of Phoenix surpassed its goal of creating or preserving 50,000 housing units by 2030, more than 5 years and 3,000 units ahead of schedule. The most recent Quarterly Report, released this week, shows the City has added an additional 3,000 housing units since January, bringing the total units created or preserved through the HPP to 56,227.
The City recognizes the critical need for more affordable housing in our community and will continue to be a leader in housing through dedicated policies and creative partnerships to create lasting solutions for residents.
