Prescott Valley Adopts Plan to Expand Housing Options

0:00Text-to-speech audio articles made possible on the Cast11.com podcast network by Fane Signature Group. As part of its ongoing commitment to the Vision 2024, quality of life initiative, the town of Prescott Valley has officially adopted its local jurisdiction affordable housing plan. This strategic roadmap, developed in coordination with the Arizona Department of Housing, ADOH, serves as a proactive response to the regional housing crisis, ensuring that current and future residents have access to safe, attainable living options. The Plans Foundation is built upon a rigorous housing needs assessment completed in May 2025 by Elliott D. Pollock and Company the study revealed a pressing reality for many in the community. 29.1 percent of all households and 41.5 percent of renters are currently cost burdened, meaning they spend more than 30 percent of their income on housing. With demand for both rental and ownership opportunities expected to climb alongside the town's population, leadership has prioritized long-term structural solutions over temporary fixes.

1:00Prescott Valley has already laid the groundwork for this initiative through its attainable housing work group. Recent updates to the town code, Chapter 13, have introduced necessary flexibility to the market, such as reducing minimum lot sizes from 10,000 to 5,000 square feet and allowing for a diverse mix of stick-built and manufactured homes in various residential zones. These changes are designed to lower the barrier to entry for first-time home buyers and those looking to downsize. The newly adopted plan establishes five key focus areas to guide the town's efforts, neighborhood and housing preservation, employer support for workforce housing, affordable owner-occupied housing, preservation and development of affordable rental units, community engagement. Our goal is to ensure that every resident has a place to call home that meets their needs, both today and as we grow, Tracy Leira, Director of Neighborhood Services said. By fostering partnerships with local employers and streamlining development processes, the town aims to protect the existing housing stock while incentivizing the creation of new,

2:02high-quality units that reflect the local workforce's wages. In addition to policy shifts, the town continues to support resident accessibility through the A-Home of My Own, PV edition program. This initiative, combined with the new strategic plan, creates a dual approach of immediate assistance and long-term systemic reform. The plan also includes a dedicated education and engagement strategy to keep the public informed and involved in the community's development. Now that the plan has been formally adopted by council, the town will submit the finalized plan to the Arizona Department of Housing. Moving forward, the town will begin prioritizing specific tactics and implementation tasks based on available funding and resources, ensuring that the vision for an attainable Prescott Valley becomes a reality. Catch up with more local news stories on signals az.com. Subscribe and be the F-1 RST-2-0.