Phoenix's rapid growth and affordable housing shortage have made it a top destination for government-incentivized development. Arizona's LIHTC program is highly competitive, and local GPLET (Government Property Lease Excise Tax) provides unique tax incentives for qualifying projects.
These programs are available specifically to investors and developers in the Phoenix, AZ market.
Phoenix offers GPLET incentives that reduce property taxes for up to 25 years on qualifying affordable and mixed-use developments.
Learn moreArizona Department of Housing allocates 9% and 4% LIHTC credits, with a QAP that favors transit-oriented and family housing.
Learn moreIndustrial Development Authority provides tax-exempt bond financing for multifamily affordable housing projects.
Learn moreFederal HOME program funds distributed by the City of Phoenix for affordable rental housing development and rehabilitation.
Low-Income Housing Tax Credits are the largest source of affordable housing financing in the U.S. In Arizona, credits are allocated by Arizona Department of Housing.
Credits are allocated by Arizona Department of Housing through their Qualified Allocation Plan (QAP), which outlines scoring criteria and priorities.
View Arizona Department of Housing LIHTC ProgramPhoenix is the fastest-growing large city in the U.S. — housing demand continues to outpace supply
GPLET can save investors hundreds of thousands in property taxes over 25 years
Arizona QAP favors transit-oriented developments near light rail corridor
Strong Section 8 demand with rising payment standards
FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in Phoenix.
Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.
Learn moreShort-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.
Learn moreFinance multiple properties in Phoenix's Opportunity Zones under a single loan structure.
Learn moreTell us about your Phoenix investment plans. We'll match you with the best financing options within 24 hours.