What's Hot

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 2025

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [June 27, 2025] - Arterial Life Cycle Program Covers 20 Years of Street Development
    • [June 27, 2025] - Phoenix-to-Tucson Rail Study Advances
    • [June 27, 2025] - Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations
    • [June 27, 2025] - Arizona Projects 06-27-25
    • [June 24, 2025] - Hobbs, Legislators Reach Water Use Compromise
    • [June 24, 2025] - $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects
    • [June 24, 2025] - Queen Creek Council OKs Amendment for 166-Unit Townhome Project
    • [June 24, 2025] - Ariz. Construction Shed 1,700 Jobs in May
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Queen Creek Council OKs Amendment for 166-Unit Townhome Project

      June 24, 2025

      Bullhead Resort in Limbo After Continued No-Shows at Land Auction

      June 20, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      MAG Meetings Detail Prop 479 Freeway Life Cycle Plans

      June 17, 2025

      Commercial Real Estate 06-24-25

      June 24, 2025

      Commercial Real Estate 06-17-25

      June 17, 2025

      Commercial Real Estate 06-10-25

      June 10, 2025

      Commercial Real Estate 06-03-25

      June 3, 2025

      Industry Professionals 06-24-25

      June 24, 2025

      Industry Professionals 06-17-25

      June 17, 2025

      Industry Professionals 06-10-25

      June 10, 2025

      Industry Professionals 06-03-25

      June 3, 2025

      Arizona Projects 06-27-25

      June 27, 2025

      Arizona Projects 06-20-25

      June 20, 2025

      Arizona Projects 06-13-25

      June 13, 2025

      Arizona Projects 06-06-25

      June 6, 2025

      Hobbs, Legislators Reach Water Use Compromise

      June 24, 2025

      Phoenix Delays Data Center Rezone Vote

      June 20, 2025

      More Cities Considering Data Center Restrictions

      June 18, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      NABH Council Partnership Wants to Expand Workforce Pipeline

      June 17, 2025

      Project Abandonments Hit a Record in May

      June 13, 2025

      U.S. Construction Added 4,000 Jobs in May

      June 10, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Arizona Projects 06-27-25

      June 27, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Planning & Development » LIHTC Development Planned in North Phoenix
    Planning & Development

    LIHTC Development Planned in North Phoenix

    BEX StaffBy BEX StaffSeptember 27, 2024No Comments3 Mins Read
    Credit: Kass Wilson Architects/City of Phoenix
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By CJ Jorgensen and Roland Murphy for AZBEX

    Roers Companies is proposing a new 147-unit affordable multifamily project in north Phoenix at the NWC of Deer Valley Road and 30th Avenue.

    The developer has requested a rezoning from R-4A Multifamily Residential to Planned Unit Development with modified R-4A development standards.

    The sole purpose for the change, according to the submitted narrative, is to allow for additional building height. Roers intends the building to be 60 feet tall, while the current zoning only allows for 48 feet. The parcel fronts to an arterial street, has two streets and backs to the Scatter Wash, which limits the number of units developers could build under the 48 feet height restriction.

    Roers is also requesting a minor general plan amendment concurrent with the rezoning request.

    The as-yet-unnamed five-story, 147-unit multifamily project is on an approximately five-acre site at 3014 W. Deer Valley Road in north Phoenix, less than a mile away from Interstate 17 and 1.5 miles from Deer Valley Airport. The project will have a building footprint of approximately 36.9KSF and feature 205 parking spaces.

    The planned unit mix is comprised of 88 two-bedroom, 45 three-bedroom and 14 four-bedroom apartments. An amenity area will be at the center of the project, including a clubhouse, ramada, playground, dog run and landscaping.

    The project will be built at a single parcel site, currently occupied by a vacant office building and parking lot.

    Drought tolerant landscaping will be used to conserve water resources, and the development will try to promote walking/public transport to minimize car-use.

    The intent is to develop a Low-Income Housing Tax Credit-compliant project with 100% of units’ rents restricted to 60% of the area median income.

    This comes as the City of Phoenix is falling short of its housing goals, particularly at lower income levels, with developers citing a current gap of 163,067 housing units, of which 99,581 should be designated affordable to meet the targets.

    The narrative cites the project’s location just six miles from the Taiwan Semiconductor Manufacturing Company plant in north Phoenix as a driver for its necessity. “Multifamily units developed at the workforce housing level, which are several hundred dollars lower than Market Rate units are needed in this area,” it says. “For example, based on our research, a one-bedroom unit in this area is renting for between about $1,514 per month and $1,546 per month, and the LIHTC rate for this year is $1,156 per month. High rental prices are due to the shortage of housing in the city generally and because of the need for housing being generated by TSMC and the secondary employment industry it is creating for suppliers to TSMC. All of this has created a massive need for housing, which is undersupplied. That undersupply is creating an increase in housing prices, which have increased faster than salaries. That in turn has created financial strain on working families.

    It goes on to say, “The proposed multifamily development is a response to that financial need and will be a great benefit to those families that will live there upon its completion and the many more who will live there over the years. Additionally, providing this type of housing is a direct response to the housing need both nationally and locally.”

    Roers Companies is the developer and project owner. The design firm is Kass Wilson Architects,and the civil engineer is Rick Engineering. The project is represented by Earl & Curley, P.C. No hearings or reviews have been scheduled as of press time.

    affordable housing apartments/condos City of Phoenix Deer Valley Airport General Plan amendment housing shortage Kass Wilson Architects LIHTC Low-Income Housing Tax Credit multifamily Phoenix Housing Plan planned unit development Private PUD rezoning Rick Engineering Roers Companies Taiwan Semiconductor Manufacturing Company TSMC workforce housing
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025

    Queen Creek Council OKs Amendment for 166-Unit Townhome Project

    June 24, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 2025

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025

    Arizona Projects 06-27-25

    June 27, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Budgets & Funding

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 20250

    By Roland Murphy for AZBEX With implementation of the Maricopa County Proposition 479 half-cent transportation…

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025

    Arizona Projects 06-27-25

    June 27, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 2025

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.