- August 3, 2023
- AZRE
The Arizona Chapter of NAIOP, the state’s leading commercial real estate development association, has launched a new committee focused on multifamily development.
This committee will be a hub for government relations, community outreach, and education related to multifamily housing. The committee will work to positively influence state and local policy decisions, expedite processes for zoning and project approvals at the city level, and create a more positive and informed public perception of housing density.
“As our state faces an alarming shortage of attainable housing, NAIOP is taking steps to be part of the solution,” said Suzanne Kinney, President and CEO. “Our members are developing multifamily housing as part of their portfolios and have the sophistication and expertise necessary to take on this challenging issue.”
The committee seeks to become a trusted resource for city governments that want to effectively address housing shortages in their communities by providing expert information on how private developers and cities can work together to bring more units online and reduce development timeframes.
NAIOP will draw on its many years of public policy experience to actively engage on state legislation that affects multifamily housing development and to collaborate with the Arizona Department of Housing on projects, programs, and grant opportunities that further the goal of increasing the supply of affordable and attainable housing.
The committee plans to host its first event on September 26. The program will feature speakers from private development, LIHTC financing, and city officials.
Earlier this year, NAIOP Arizona recognized the growing importance of this asset class by awarding the inaugural Multifamily Project of the Year award at the Best of NAIOP on April 27 to Hines’ The Adeline in downtown Phoenix. Moving forward, the association plans to bestow awards for Multifamily Developer of the Year and Multifamily Broker of the Year.
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