Around the State - Winter 2020
The Arizona Department of Housing is currently committed to or actively involved in financing 3,652 affordable rental units, in various stages of production: 1,533 units in pre-development, 2,119 currently under construction or renovation and an additional 518 units with a request for funding presently under review. Of the 2,119 in production, 782 units are expected to receive Certificates of Occupancy in the next quarter and be ready to receive new renters.
Featured Grand Openings Around the State
Urban Living on Fillmore – Phoenix
Urban Living on Fillmore, located in downtown Phoenix, marked its grand opening with an open house event on December 4, 2019. This affordable housing community is new construction of a five story-building consisting of 63 units for families and smaller households. Arizona Department of Housing allocated $15.8 million in Low Income Housing Tax Credits to the project in 2017.
River at Eastline - Tempe
The River at Eastline celebrated its grand opening with a ribbon cutting on November 5, 2019. Located in Tempe, this affordable housing community is new construction consisting of 56 Project-Based Rental Assistance units for low to very low income families. Arizona Department of Housing provided $15 million in Low Income Housing Tax Credits to the project in 2017 and $335,742 in funds made available through the HOME Investment Partnership Program.
Tips on How to Find Affordable Rentals
Callers often ask how they can get on a list to rent a unit at one of the projects financed by the Department. Because all of the units are owned and operated privately, we recommend that interested renters contact the entity that is developing the property to ask when and how they can get their name on a waiting list for properties under construction. Developers often start waiting or interest lists far in advance of completion and by the time a property opens, lists can sometimes be very long.
The names and locations of rental projects that are being financed by the Department, as well as the company developing the property, can be accessed by consulting the lists of tax credit projects approved by the Department.
Download the 2017 Final Allocation List for a list of properties that are excepted to be completed by December 2019; for a list of properties that are expected to be completed by December 2020, download the 2018 LIHTC Reservation List; and, for those to be completed by December 2021, download the 2019 LHTC Reservation List.
Housing Matters | Winter 2020