Budget, Policy & Stimulus Newsย
Expiring Aid Could Create Eviction Explosionย
An end to aid for renters could lead to a spike in evictions for Arizona renters.ย Maricopa Countyย has run out of funds in its $30M rental aid program. Theย Centers for Disease Control and Preventionโs eviction ban is set to expire. A new federal stimulus and relief package has yet to pass. Gov.ย Doug Duceyย has moved the remaining $400M inย CARES Actย funds to state agencies for operating expenses. Arizona renters owe an estimatedย $178M to landlords, and up to 150,000 renters could face eviction in January. (Source)ย
Grants Available to Rio Nuevo Small Businessesย
Rio Nuevo,ย YWCA of Southern Arizonaย andย theย City of Tucsonย are offering small business continuity grantsย of up to $50Kย forย Rio Nuevo Districtย small businesses.ย The program isย made possible by theย We Are One |ย Somosย Uno Resiliency Fundย using City Federalย CARESย funds.ย (Source)ย
Economicย Newsย
COVID Influencing Multifamily Amenity Demandย
Multifamilyย builders and renovators had already been focusing on enhanced amenities prior to the onset of theย coronavirusย pandemic. While features such as fast internet connectivity and soundproofing had already been in high demand,ย access to outdoor spaces andย home work areas and smart technologies have become more important as renters adapt to the crisis. (Source)ย ย
Office Experts Warn Against Assumptionsย
In the wake of the pandemic, the prevailing wisdom has been that while fewer workers will come into central offices, the desire for more area per employee will keep space needs roughly the same and foster an increase in suburban area demand.ย Experts atย Bisnowย Londonโsย Digital Office Summitย warned against that thinking and cited a two-pronged set of potential impacts to the sector: Workers want to spend more time working remotely, and companies are looking to realize savings through reduced space costs. (Source)ย
NEWS TICKER
- [August 12, 2026] - Tighter Data Center Restrictions Advancing in Gilbert
- [August 11, 2026] - IT Asset Management Company Proposing Mesa Warehouse/Office
- [August 11, 2026] - Tucson Council Approves Major Data Center Restrictions
- [August 11, 2026] - Buckeye Councilmember Holds Up Planned 376-Unit Affordable Housing Community
- [August 11, 2026] - Industry Professionals 08-11-26
- [August 11, 2026] - Commercial Real Estate 08-11-26
- [August 7, 2026] - Developer Planning 71KSF Light Industrial Building in NE Phoenix
- [August 7, 2026] - Gilbert Planning Recommends Rezone for 12-Acre Harvest Grove Commercial Area
