By Sonja Haller for The Arizona Republic
Tempe is set to build its first apartment housing aimed at veterans and their families near Arizona State University.
The Tempe City Council unanimously approved a development agreement on Aug. 4 to build Valor on Eighth, a five-story building with 50 apartments. Five of the apartments are ground-floor live/work units. Under the agreement with Wisconsin-based Gorman & Company Inc., at least 51 percent of the apartments must be rented to low-income persons, with a preference given to veterans and their families.
The complex will be on city-owned land near Rural Road and Eighth Street, south of University Drive.
Gorman’s Arizona Market President Brian Swanton said construction should begin in September and be completed by December 2017.
Swanton said while veterans’ housing exists in Phoenix and Tucson, the Valor project stands apart from other housing options.
The project is a joint endeavor among Tempe, Gorman and the Save the Family Foundation of Arizona and will receive $10.6M in federal low-income housing credits over 10 years.
Read more at The Arizona Republic