The Arizona Department of Real Estate is asking a housing developer to stop subdividing land in Rio Verde Foothills as they say there is no assured water supply yet for the area they are working in.
The Arizona Department of Real Estate sent a cease and desist to Morning Vista Homes for allegedly not getting the proper "subdivision public support" that prompts a "certificate of assured water supply" or another guarantee that there will be water for the homes, according to a news release from Gov. Katie Hobbs' office.
“Today I am glad to report the Arizona Department of Real Estate has taken swift action to prevent what it believes is a blatant evasion of consumer protection and water security laws,” Gov. Katie Hobbs said in a statement.
“Rio Verde Foothills has suffered enough as a result of bad apple developers skirting the law and building without first securing a water supply. While we can take action in this case, our laws still fall short of offering true solutions that protect consumers. We must take legislative action to crack down on the loopholes being exploited by developers to profit at the expense of everyday Arizonans," she continued.
According to the letter, the developer cannot be in the process of “selling, offering, advertising, facilitating, counseling, advising, directing, negotiating, assisting or attempting to sell parcels/lots” in specific subdivisions in the community near Scottsdale and Fountain Hills.
