Housing affordability is a challenge that requires regional solutions developed and implemented through local partnerships. Housing prices have risen steeply across Northwest Arkansas in recent years, making it more difficult for the average household to find an affordable place to live.
Today, there are insufficient tools to finance a broader spectrum of housing options, and inadequate production capacity and experience among municipalities and housing developers in Northwest Arkansas around affordable housing.
By taking a regional approach, building capacity and cross-sector collaboration, focusing on education and outreach as well as considering strategic zoning code reforms, Northwest Arkansas can address housing affordability and ensure a region where all residents have access to safe and quality housing.
