(The Center Square) – The Arizona Department of Real Estate is asking housing developers to stop subdivisions of land at the foot of the Rio Verde Mountains, saying the areas being developed do not yet have a reliable water supply. There is.
The Arizona Department of Real Estate issued a cease-and-desist order against Morning Vista Homes for not receiving a “Water Supply Guarantee Certificate” or appropriate “subdivision public assistance” to ensure that water would be supplied to the homes. It is said that it was released. News release from Governor Katie Hobbs’ office.
“Today, I am pleased to report that the Arizona Department of Real Estate took swift action to stop what appeared to be a blatant circumvention of consumer protection and water security laws,” Katie said. Governor Hobbs said in a statement.
“The Rio Verde foothills region has suffered enough as a result of unscrupulous apple developers circumventing the law and building without securing water supplies. In this case, we cannot act. However, our laws are still insufficient to provide real solutions that protect consumers. Legislative action must be taken to clamp down on loopholes,” she continued.
According to the letter, the developer “sells, offers, advertises, promotes, counsels, advises, directs, negotiates, assists, or attempts to sell lots/lots” in certain parcels in the nearby communities of Scottsdale and Fountain Hills. It is said that this cannot be done. .
The news release added that people will not be able to buy a home until they have a “100-year water supply.” The Rio Verde Foothills has struggled with water supply issues for months as it faces roadblocks with the city of Scottsdale, leaving it in a water access crisis until a standpipe agreement is reached in the fall of 2023, The Center Square reported. .
Center Square reached out to the developer for comment, but the request was not received in time for publication.
“ADRE is responsible for protecting Arizona property owners and the public in real estate transactions. Arizona law requires, among other restrictions and available resources, whether water is available; While developer education is important, subdivision public reporting is required to help potential buyers understand what kind of water source they are expecting. If the requirements are not complied with, purchasers will be exposed to unacceptable risk,” ADRE Commissioner Susan Nicholson said in a statement.
