City of Phoenix Creates or Preserves 50,000 Housing Units – 5 Years Ahead of Goal

inbusinessPHX.com

A crowd of people sit in chairs outside as a speaker addresses them from a podium at a press event.

Under the leadership of Mayor Gallego and the City Council, the City of Phoenix is proud to announce that as of December 31, 2024, it has created or preserved more than 53,000 housing units throughout the city – five years ahead of its goal.

For years, the City has prioritized increasing the supply of housing for all income levels and family sizes to create a stronger and more vibrant city. To achieve this, the Housing Phoenix Plan​ was approved in June 2020, setting the goal of creating or preserving 50,000 housing units by 2030.

“This is a significant milestone for the City of Phoenix. That we are five years ahead of schedule is a testament to the City’s all-hands-on-deck approach to solving these challenges through innovative policies, programs and initiatives,” said Mayor Kate Gallego. “But our work is only beginning. Phoenix will continue to be a leader in ensuring increased housing options for all that choose to call the city home.”

Of the 53,000 housing units created or preserved to date, 20.7% are considered affordable units, and 24.7% are considered workforce units, resulting in nearly half of all new or preserved homes in the city geared toward households earning 120% or less of the area median income.

Housing affordability is a complex issue impacting cities across the country, and influenced by many factors outside of cities’ control, including population growth, the pace of housing construction, mortgage rates, costs of labor and materials, supply chain, and the proliferation of investor-owned short-term rentals.

The City has implemented other initiatives aimed at ensuring housing is affordable, equitable and attainable, including:  
  • Zoning ordinance changes that facilitate more housing options and address accessory dwelling units, multifamily parking standards, mobile homes, and the Walkable Urban Code.
  • 20% of land zoned for multifamily housing (36,480 acres), representing the largest percentage of multifamily in Maricopa County for cities with 75,000+ residents.
  • 1,382 Shelter Beds planned or added since 2022.
  • Wi-Fi at more than 35 affordable housing communities, ensuring 4,200 low-income residents have free access to highspeed internet, and connecting them to jobs, telehealth, and education opportunities. 

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