Affordable Housing Grants Announced for AZ Projects
Home Matters® to Arizona, which is planning a $100M fund over two years to finance affordable housing projects in Arizona, announced its first award recipients that will receive a total of $1.2M. “Home Matters to Arizona is honored to fund these projects across Arizona, which will serve people experiencing homelessness, individuals living with mental illness, domestic violence survivors and […]
Healthcare Providers to Fund Affordable Housing
By Angela Gonzales for Phoenix Business Journal In an effort to bring more affordable housing units to Arizona, a group of health care CEOs have gotten together to create a $100M fund to help finance these construction projects. So far, Aetna, Dignity Health and UnitedHealthcare have committed $35M in below-market debt that can be used by this fund to support projects to increase […]
San Luis Affordable Apartments Offering Tax Credits
By Cesar Neyoy for Yuma Sun The Comite de Bien Estar will be able to offer $2M in federal tax credits as incentives to attract investors in a planned apartment complex in San Luis for low-income families. Valley View apartments is one of 13 projects around the state approved by the Arizona Department of Housing for the credits through the state agency’s Low-Income Housing Tax Credit program […]
Affordable Housing Proposed for Prescott Valley
By Tasha Anderson for AZBEX A new 144-unit affordable multifamily development is being proposed for the Town of Prescott Valley. Owner, Matthew Hepperle is requesting a zoning map change for the approximately 5.4-acre site encompassing the Baja Circle right-of-way and Prescott Valley Unit 24 (Lots 1-3, 7-10), from Commercial; general Sales ad Services-Planned Area Development to Residential and Services-Planned […]
Phoenix Mayor Announces Affordable Housing Plan
Source: City of Phoenix In Phoenix, the COVID-19 pandemic and economic downturn is intensifying the already existing housing crisis. Phoenix residents, as well as residents in other cities across the country, are experiencing job losses, which can make it even more challenging to afford a place to live. According to Housing and Urban Development’s Fair Market Rents, in Arizona the cost of a […]
Phoenix OKs Affordable Housing Initiative
Source: City of Phoenix Phoenix City Council unanimously approved a new citywide affordable housing initiative that will work to address the many housing needs in the nation’s fastest-growing city. Earlier in the day, Phoenix Housing Department staff and Mayor Kate Gallego joined U.S. Housing Secretary Ben Carson as he toured city housing sites. The plan will address the need for an additional 163,000 […]
Virus Crisis Kills Flagstaff Bond Considerations
By Adrian Skabelund for Arizona Daily Sun During their last work session, the majority on the Flagstaff City Council decided that given the current crisis and uncertainties that exist, it would not be prudent to move forward with any new municipal bonds. Flagstaff Mayor Coral Evans added that she believed, “At this particular time, we need to really focus […]
Developer Halts Flagstaff Multi-site Affordable Project
By Adrian Skabelund for Arizona Daily Sun Three affordable housing projects that would have been completed this year have been mothballed after the city’s developer encountered delays. The projects had planned to provide the city with as many as 74 affordable rental units in three locations across Flagstaff and would have been built by Brinshore Development. But […]
Multifamily Affordable Housing Plans in PHX
By Tasha Anderson for AZBEX Plans for a new multifamily affordable housing development to be located near the Light Rail Corridor have recently been resubmitted to the City of Phoenix. Catholic Charities Communities Services of Arizona, along with developer, Trinity Housing Development is requesting to rezone approximately 3.9 acres just north of the NEC of […]
Market Exacerbate Shortage of Afford. Housing
By Rebekah Morris for AZBEX The Arizona Planning Association hosted a two panel, half-day symposium discussing housing in Arizona on Thursday, November 21st, 2019. The aim of the event was to encourage dialogue about the state of housing in Arizona and potential solutions to creating a diverse mix of all forms of housing that are […]