Phoenix City Council Expands Affordable Housing by Approving Housing Trust Fund Investments

Phoenix housing trust fund plan

The Phoenix City Council approved a spending plan for the $15 million in the city's Housing Trust Fund, directing money to affordable housing, homeownership and eviction prevention.

Key points Phoenix housing trust fund plan
  1. The Phoenix City Council approved a spending plan for the $15 million in the city's Housing Trust Fund, directing money to affordable housing, homeownership and eviction prevention.
  2. The fund, created by the council in 2025, supports the Housing Phoenix Plan, which the city says has already helped create or preserve more than 71,000 housing units.
  3. Officials say the investments aim to close financing gaps, cut permitting costs and address Phoenix's estimated shortage of 59,000 affordable rental units.
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City of Phoenix News

phoenix.gov

Maricopa County, AZ

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