Community opposition to new housing developments is significantly delaying and raising the cost of multifamily projects across the Phoenix metro, with approval timelines doubling to two to four years, according to the Arizona Multihousing Association. Attorneys and developers say misinformation spread through social media often fuels opposition. Affordable housing projects draw the most resistance, even though impacts like increased traffic and property-value declines rarely materialize. Industry leaders warn that if neighbors consistently block well-planned developments, the state legislature is likely to respond by removing local input from the process.
Read more: https://azbigmedia.com/real-estate/how-the-nimbyism-mindset-is-slowing-valley-growth/
