One US city in Arizona is embarking on a bold initiative to improve its housing options for locals. | Kristy Johnson
One Arizona city will pay property owners to convert holiday lets into rental accommodation for local workers.
The council-approved “rent local” program will provide Airbnb hosts in Sedona up to $US10,000 to remove their short-term listings from the vacation rental company.The move is not to discourage travel to the area, but rather to improve housing options for locals amid rent increases and the general uncertainty of the real estate market.
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