What's Hot

    Opus Group Planning 300KSF Industrial Park Near Sky Harbor

    September 9, 2025

    Multifamily Development Planned in Tucson’s Miracle Mile

    September 9, 2025

    Construction Employment Down for Third Straight Month

    September 9, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [September 9, 2025] - Opus Group Planning 300KSF Industrial Park Near Sky Harbor
    • [September 9, 2025] - Multifamily Development Planned in Tucson’s Miracle Mile
    • [September 9, 2025] - Construction Employment Down for Third Straight Month
    • [September 9, 2025] - Industry Professionals 09-09-25
    • [September 9, 2025] - Commercial Real Estate 09-09-25
    • [September 5, 2025] - Major General Plan Amendments Requested for 1,800-acre Florence Area
    • [September 5, 2025] - Mesa Approves 29-Unit Townhome Plan
    • [September 5, 2025] - VanTrust Announces 1.1MSF Industrial Plan in Glendale
    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

      Opus Group Planning 300KSF Industrial Park Near Sky Harbor

      September 9, 2025

      Multifamily Development Planned in Tucson’s Miracle Mile

      September 9, 2025

      Major General Plan Amendments Requested for 1,800-acre Florence Area

      September 5, 2025

      Mesa Approves 29-Unit Townhome Plan

      September 5, 2025

      HonorHealth to Build on Former Amkor Site in Vistancia

      September 2, 2025

      Buckeye City Council Discusses Annexing Land for Community Master Plan

      August 29, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 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

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 09-09-25

      September 9, 2025

      Commercial Real Estate 09-02-25

      September 2, 2025

      Commercial Real Estate 08-26-25

      August 26, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Industry Professionals 09-09-25

      September 9, 2025

      Industry Professionals 09-02-25

      September 2, 2025

      Industry Professionals 08-26-25

      August 26, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Arizona Projects 09-05-25

      September 5, 2025

      Arizona Projects 08-29-25

      August 29, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Arizona Projects 08-15-25

      August 15, 2025

      Environmentalists Sue ADWR Over Benson-Area Developments

      September 2, 2025

      Pima County Latest to Amend Zoning for Data Centers

      August 22, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Construction Employment Down for Third Straight Month

      September 9, 2025

      Construction Job Openings Up 77,000 YoY

      September 5, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Opus Group Planning 300KSF Industrial Park Near Sky Harbor

      September 9, 2025

      Multifamily Development Planned in Tucson’s Miracle Mile

      September 9, 2025

      Construction Employment Down for Third Straight Month

      September 9, 2025

      Industry Professionals 09-09-25

      September 9, 2025
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Legislation & Regulations » New Program Encourages Affordable Development
    Legislation & Regulations

    New Program Encourages Affordable Development

    BEX StaffBy BEX StaffOctober 29, 2021No Comments1 Min Read
    Credit: Arizona Daily Star
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Arizona Department of Housing has $24.5M for projects using Low Income Housing Tax Credits.

    Funding is provided by the State and through the federal Housing Trust Fund. Qualifying projects can earn up to $2M each, according to ADH Director Tom Simplot. Funding had previously been restricted to nonprofits, but the program has been altered to allow applications from for-profit developers.

    Residents must earn less than 80% of the Area Median Income and cannot be charged more than 30% of their total income in rent.

    There are approximately 200 units coming online in Tucson as a result of the program. The recently completed Alborada Apartments on Grant Road filled all 63 of its units within 10 days of opening for lease, according to officials with developer La Frontera.

    La Frontera is also building Gateway Apartments, a 120-unit senior-target development on Oracle Road.

    The group is working in partnership with private developer Jason Hisley of The Hisley Group. Hisley acquires land for the developments, handles the funding paperwork, procures the permits and entitlements, builds the developments and then acts as property manager.

    Developers wanting to learn more about the program should go to housing.az.gov. (Source)

    ADH affordable housing Alborada Apartments apartments/condos Arizona Department of Housing Gateway Apartments Housing Trust Fund LIHTC Low Income Housing Tax Credits multifamily Private public funding Senior housing The Hisley Group
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Opus Group Planning 300KSF Industrial Park Near Sky Harbor

    September 9, 2025

    Multifamily Development Planned in Tucson’s Miracle Mile

    September 9, 2025

    Major General Plan Amendments Requested for 1,800-acre Florence Area

    September 5, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Opus Group Planning 300KSF Industrial Park Near Sky Harbor

    September 9, 2025

    Multifamily Development Planned in Tucson’s Miracle Mile

    September 9, 2025

    Construction Employment Down for Third Straight Month

    September 9, 2025

    Industry Professionals 09-09-25

    September 9, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Opus Group Planning 300KSF Industrial Park Near Sky Harbor

    September 9, 20250

    By Roland Murphy for AZBEX The Opus Group has requested a development plan review for…

    Multifamily Development Planned in Tucson’s Miracle Mile

    September 9, 2025

    Construction Employment Down for Third Straight Month

    September 9, 2025

    Industry Professionals 09-09-25

    September 9, 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

    Opus Group Planning 300KSF Industrial Park Near Sky Harbor

    September 9, 2025

    Multifamily Development Planned in Tucson’s Miracle Mile

    September 9, 2025

    Construction Employment Down for Third Straight Month

    September 9, 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.