January/February Apartment News 2021

Page 8

Legislative Update

A New Year Brings New Opportunity

The AMA begins its push to build more housing, secure rental assistance and oppose further moratoria in 2021 By Jake Hinman and Bastien Andruet

With the dust settled on the 2020

the AMA is able to pick up where it left off

President Ronald Reagan, made permanent

election, the AMA, as with many

prior to COVID-19. In 2021 it will push for

by President Bill Clinton, and has been re-

the establishment of a state LIHTC program,

sponsible for developing millions of housing

others, was surprised to find that

secure further rental assistance for property

units in the decades since. The bill received

the next legislative session will

owners experiencing a loss of income and

wide bipartisan support, passing 45-15 in the

oppose any further efforts at the state and

state House, and was on its way to passage

federal levels to impose another eviction

through the state Senate when COVID effec-

moratorium.

tively killed all remaining bills for the session.

look quite familiar. After nearly every politico and pundit predicted that Democrats would flip the state House of Representatives, Republicans managed to hang on to their majorities in both the state House and the state Senate, only losing one Senate seat.

LIHTC returns

One thing the 2020 election taught folks was

As you may recall, the AMA, in partnership

that the issue of building affordable housing

with Rep. Jeff Weninger (LD17), had intro-

is bipartisan, and it is an issue the AMA ex-

duced a bill to the previous Legislature that

pects should receive widespread support yet

intended to establish a state Low Income

again in 2021.

Housing Tax Credit (LIHTC) meant to develop a greater supply of affordable housing across

This is of particular significance as Arizona

the state. Over half of all U.S. states, both red

saw an influx of more than $40 million into

and blue, currently have established LIHTC

legislative races – most of which originated

programs which have proven to be incredi-

from out of state and was intended to help

bly effective and generating more affordable

Democrats flip key seats.

housing development.

Now that many of the same, and even a few

The AMA’s bill mirrored the federal LIHTC

new players are returning to the state house,

program, which was established in 1986 by

Apartment News | January/February 2021

8

Rental assistance has proven key As has been the case since March, the AMA has been holding local and state government accountable during these unilateral eviction moratoria by fighting to secure more than $128 million in rental assistance and foreclosure prevention funds for property owners and managers. Additionally, the AMA has –Continued on next page

azmultihousing.org


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
January/February Apartment News 2021 by azmultihousing1 - Issuu