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    AZBEX
    Home » Planning & Development » ADoH Awards LIHTC Credits for 15 Affordable Developments
    Planning & Development

    ADoH Awards LIHTC Credits for 15 Affordable Developments

    BEX StaffBy BEX StaffJune 20, 2023No Comments5 Mins Read
    Pascua Yaqui Homes X. Credit: Travois Design & Construction Services, LLC/Pascua Yaqui Tribe
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    By Roland Murphy for AZBEX

    Earlier this month, the Arizona Department of Housing announced it allocated more than $22M of 2024 federal 9% Low-Income Housing Tax Credits in 2023.

    According to the announcement, “Based on our population, Arizona receives just over $22M in LIHTC annually from the federal government. Federal law allows states to forward allocate tax credits from year to year and Arizona will be able to allocate 2025 LIHTC for next year’s awards. In some past years, ADOH has forward allocated a portion of the following year’s tax credits; this is the first time in state history that Arizona is putting 100% of the following year’s credits to work in the current year to fund development.”

    In the same statement, ADOH announced it awarded credits to 15 new affordable housing projects for 2023. The awards include seven developments in rural communities, tying last year’s record for rural awards. Taken altogether, the new awards are expected to generate 1,049 new housing units across the state.

    The Project List

    Since the announcement, BEX research staff has been working diligently to acquire project information both for this article and for the DATABEX project database. To date, we have compiled additional data on 10 of the 15 projects. As more information on these projects and the five still outstanding becomes available, it will be added to the DATABEX entries.

    The projects and their relevant details are:

    Belvedere Terrace, Tucson

    • Total Units: 72
    • LIHTC Units: 72
    • Owner/Developer: Newport Partners
    • Design Firm: Poster Mirto McDonald
    • GC: Tofel Dent Construction LLC
    • Project Cost: $26,037,710
    • Tax Credit Request: $2,500,000
    • DATABEX Project ID: 5732

    Catalina Square, Yuma

    • Total Units: 100
    • LIHTC Units: 100
    • Owner & Developer: Catalina Square Housing Partners, LP Horizon Development Consulting, LLC
    • Design Firm: NA
    • GC: NA
    • Project Cost: $35,658,763
    • Tax Credit Request: $2,500,000
    • DATABEX Project ID: NA

    CLEAR21, Bullhead City

    • Total Units: 66
    • LIHTC Units: 66
    • Owner & Developer: Commonwealth Development Corporation of America (The Commonwealth Companies)
    • Design Firm: M+A Design
    • GC: Not yet selected
    • Project Cost: $22,804,044
    • Tax Credit Request: $2,496,138
    • DATABEX Project ID: 5735

    Desert Dove Apartments, Tucson

    • Total Units: 63
    • LIHTC Units: 62
    • Owner & Developer: Desert Dove Apartments, LP (To Be Formed)/GHK Properties, LLC
    • Design Firm: Perlman Architects
    • GC: Not yet selected
    • Project Cost: $24,366,357
    • Tax Credit Request: $2,500,000
    • DATABEX Project ID: 5750

    Fort Whipple Quarters, Prescott

    • Total Units: 23
    • LIHTC Units: 23
    • Owner & Developer: Gorman & Company, Inc./US VETS
    • Design Firm: Gorman Architectural, LLC
    • GC: Gorman & Company General Contractors, LLC
    • Project Cost: $9,934,804
    • Tax Credit Request: $1,000,000
    • DATABEX Project ID: 5756

    La Victoria Commons, Tempe

    • Total Units: 104
    • LIHTC Units: 104
    • Owner & Developer: City of Tempe, La Victoria Commons, LP/Copa Health, Inc.
    • Design Firm: Todd & Associates Architecture
    • GC: Not yet selected
    • Project Cost: $33,459,484
    • Tax Credit Request: $2,500,000
    • DATABEX Project ID: 4286

    Miami Inspiration Housing, Miami

    • Total Units: 40
    • LIHTC Units: 40
    • Owner & Developer: CPLC Rosed Road, LITHC Chicanos Por La Causa, Inc.
    • Design Firm: NA
    • GC: NA
    • Project Cost: $19,673,193
    • Tax Credit Request: $1,750,000
    • DATABEX Project ID: NA

    Pascua Yaqui Homes X, Tucson

    • Total Units: 45
    • LIHTC Units: 45
    • Owner & Developer: Pascua Yaqui #10 LLC, Travois, Inc
    • Design Firm: Travois Design & Construction Services, LLC
    • GC: Not yet selected
    • Project Cost: $33,753,059
    • Tax Credit Request: $2,500,000
    • DATABEX Project ID: 5733

    (Phoenix) Scholar House, Phoenix

    • Total Units: 56
    • LIHTC Units: 56
    • Owner & Developer: Phoenix Scholar House I, LLC Brinshore Development
    • Design Firm: Architectural Resource Team
    • GC: Tofel Dent Construction LLC
    • Project Cost: $26,543,643
    • Tax Credit Request: $2,465,738
    • DATABEX Project ID: 5737

    Sidney P. Osborn One, Phoenix

    • Total Units: 115
    • LIHTC Units: 70
    • Owner & Developer: Sidney P Osborn One, LLC Gorman & Company LLC
    • Design Firm: Gorman Architectural, LLC
    • GC: Gorman & Company General Contractors, LLC
    • Project Cost: $39,871,717
    • Tax Credit Request: $2,500,000
    • DATABEX Project ID: 5754

    Sunland Terrace, Phoenix

    • Total Units: 80
    • LIHTC Units: 80
    • Owner & Developer: Sunland Terrace Housing Partners, LP ELOM LLC
    • Design Firm: Benton Design Group
    • GC: Wilshire Pacific Builders
    • Project Cost: $28,725,362
    • Tax Credit Request: $2,431,822
    • DATABEX Project ID: 5736

    Sycamore Vista Phase I, Camp Verde

    • Total Units: 80
    • LIHTC Units: 53
    • Owner & Developer: Sycamore Vista Limited Partnership, Atlantic Developer & Investments, Inc.
    • Design Firm: NA
    • GC: NA
    • Project Cost: $33,773,944
    • Tax Credit Request: $2,000,000
    • DATABEX Project ID:NA

    Vistara, Yuma

    • Total Units: 80
    • LIHTC Units: 80
    • Owner & Developer: Vistara Partners, LLC, Bethel Development
    • Design Firm: NA
    • GC: NA
    • Project Cost: $23,807,850
    • Tax Credit Request: $2,500,000
    • DATABEX Project ID: NA

    West Point Apartments II, Tucson

    • Total Units: 85
    • LIHTC Units: 84
    • Owner & Developer: West Point Apartments II, LP, La Frontera Partners, Inc
    • Design Firm: NA
    • GC: NA
    • Project Cost: $27,588,910
    • Tax Credit Request: $2,500,000
    • DATABEX Project ID: NA

    Yavapai-Apache Homes VIII, Camp Verde

    • Total Units: 40
    • LIHTC Units: 39
    • Owner & Developer: Yavapai-Apache Nation #8 Limited Partnership, Yavapai-Apache Nation Tribal Housing
    • Design Firm: Perlman Architects
    • GC: Yavapai-Apache Nation
    • Project Cost: $21,779,132
    • Tax Credit Request: $2,500,000
    • DATABEX Project ID: 5734

    As noted above, the 15 projects will deliver a combined total of 1,049 new housing units across the state, with 974 of those receiving LIHTC credits. The total credit allocation totals more than $34.6M, with total development costs of nearly $407.8M.

    affordable housing apartments/condos Arizona Department of Housing federal funding housing policy housing shortage LIHTC Low-Income Housing Tax Credits multifamily Private pubic workforce housing
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