This article summarizes key discussions from a meeting of the Flagstaff Housing Committee held on July 24, 2025, focusing on affordable housing in the community. Significant progress was made in developing funding strategies that blend market rates with affordable housing units, responding to prior feedback from the committee which aimed for a fully affordable approach.
The revised plan allocates bond funds specifically for affordable units. In this development, 90% of the units will be market rate, while 10% are designated as affordable, with the bonds covering the latter. This adjustment is intended to provide more flexibility for housing projects, while still tackling the urgent need for affordable options in Flagstaff.
During the meeting, the committee clarified how program funds can be utilized. The funds will now support the acquisition and rehabilitation of existing affordable rental units. However, they cannot be used for constructing new market rate buildings or demolishing current structures. This focus on existing properties aims to enhance the impact of fund distribution and improve the current housing stock.
The discussion also highlighted the need to find additional funding sources outside the city’s program fund. The committee stressed that all projects must show viability and sustainability, necessitating a signed letter of commitment from alternative funders.
While the bond funding primarily supports rental properties, there’s been some discussion about the community’s need for affordable homeownership as well. Some committee members expressed a wish for future initiatives that address this issue, suggesting that additional bonds might be explored for home buying assistance.
The meeting concluded with an agreement to recommend the proposed changes to the city council for approval. This step signifies a collaborative effort to bolster housing solutions in Flagstaff. As the city navigates ongoing housing challenges, these decisions represent a commitment to creating a balanced approach that offers both rental options and opportunities for homeownership.
