The Home Matters Arizona Fund has announced a third round of grants totaling $851K as part of its plan to distribute $100M over two years in support of affordable housing development in the state.
The latest recipients are Native American Connections ($500K) for the 217-unit The Moreland in Phoenix and Housing Solutions of Northern Arizona, Inc. ($351K), for the 44-unit JoJo’s Place in Flagstaff.
Development costs for The Moreland are estimated at $51.6M, while JoJo’s Place is expected to cost $5.85M.
The Moreland is Native American Connections’ redevelopment of the City of Phoenix’s Deck Part Vista apartment community. The planned unit mix is 65 studios, 95 one-bedroom, 42 two-bedroom, and 15 three-bedroom units. The site will feature community and public outdoor art spaces, with outdoor amenities and community-wide wi-fi connectivity.
With JoJo’s Place, Housing Solutions of Northern Arizona is redeveloping a 44-unit motel property into studio apartments with kitchenettes and a range of unit improvements. The apartments will be used as transition housing resources to help households move out of homelessness.
The goal of the Home Matters Arizona Fund is prioritizing and funding projects that address the state’s rising affordable housing crisis, particularly for underrepresented families and communities. (Source)