Arizona Programs

Government Grants & Incentives for Real Estate Investors in Phoenix

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.

24 designated tracts
Opportunity Zones
$1,532
Section 8 (2-BR)
LIHTC
Tax Credits Available
4
Local Programs

State Housing Finance Agency

Arizona Department of Housing

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Public Housing Authority

City of Phoenix Housing Department

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Local Programs

Phoenix Government Incentive Programs

These programs are available specifically to investors and developers in the Phoenix, AZ market.

GPLET (Government Property Lease Excise Tax)

Phoenix offers GPLET incentives that reduce property taxes for up to 25 years on qualifying affordable and mixed-use developments.

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Arizona LIHTC Program

Arizona Department of Housing allocates 9% and 4% LIHTC credits, with a QAP that favors transit-oriented and family housing.

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Phoenix IDA Bond Financing

Industrial Development Authority provides tax-exempt bond financing for multifamily affordable housing projects.

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HOME Funds via City of Phoenix

Federal HOME program funds distributed by the City of Phoenix for affordable rental housing development and rehabilitation.

LIHTC Tax Credits in Arizona

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.

How LIHTC Works

  • Dollar-for-dollar federal tax credit over 10 years
  • 9% competitive credits for new construction
  • 4% credits paired with tax-exempt bonds
  • 15-year compliance period for affordable rents

Arizona Allocator

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 Program
Investor Tips

Why Invest in Phoenix?

Phoenix 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

Finance Government-Incentivized Properties in Phoenix

FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in Phoenix.

DSCR Loans

Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.

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Bridge Loans

Short-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.

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Portfolio Loans

Finance multiple properties in Phoenix's Opportunity Zones under a single loan structure.

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Frequently Asked Questions

Get Financing for Investment Properties in Phoenix

Tell us about your Phoenix investment plans. We'll match you with the best financing options within 24 hours.

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