By Home Matters to Arizona
Home Matters to Arizona, which is planning a $100M fund over two years to finance affordable housing projects in Arizona, announces a second round of grant recipients that will receive a total of $750K. The fund also announced the third round of grants applications open June 15th.
Home Matters Arizona Fund is prioritizing and funding promising projects throughout the state that are positioned to demonstrate measurable and positive outcomes focused on specific populations, geographic areas and the community at-large. The fund addresses Arizona’s rising affordability crisis while paying attention to the role of housing justice for underrepresented families and communities.
Home Matters Arizona Fund will invest in projects that serve individuals and families with low to moderate income, veterans, seniors, people who are homeless, people with disabilities, individuals involved with the justice system and those eligible for Arizona Health Care Cost Containment System support.
The fund’s second round of award recipients: Catholic Charities Community Services for the 297-unit Mesquite Terrace in Maricopa County; Solterra Senior Living for the 160-unit Bridgewater White Mountains in Navajo County; and Comite De Bien Estar for the 100-unit CBD Valley View Apartments in Yuma County.
Catholic Charities Community Services (Mesquite Terrace)
5033, 5039, 5045, 5107 N. 19th Avenue, Phoenix
Total Development Cost: $62.2M
Grant Amount: $250K
Units: 297
Construction is expected to begin summer 2021.
Mesquite Terrace will provide affordable, transit-orientated housing at 19th Avenue and Camelback in Phoenix along with employment and entrepreneurial possibilities. In addition to developing one-, two- and three-bedroom units, the residents will be provided with an array of on-site amenities including courtyards that surround a clubhouse featuring a food pantry, kitchenette, large room for gatherings and classrooms.
Solterra Senior Living (Bridgewater White Mountains)
5408 Arizona Highway 260, Lakeside
Total Development Cost: $34.5M
Grant Amount: $250K
Units: 160
Construction is expected to begin summer 2021.
The site is currently a three-story Solterra Senior Housing facility and will be rehabilitated into the Bridgewater White Mountains with 20 units of independent living (market rate), 116 assisted living units (affordable rate) and 24 memory care units (affordable rate). Unit sizes are 390SF for a studio, 510SF and 646SF for one-bedrooms and 780SF and 880SF for two- bedrooms. Amenities include several activity areas, a fitness and wellness area, dining room, bistro café, and outdoor pond plus walking seating areas. The memory care section has its own dining area and activity center plus a secured outdoor area.
Comite De Bien Estar (CDB Valley View Apartments)
4th Avenue north of Union, San Luis
Total Development Cost: $23.5M
Grant Amount: $250K
Units: 100
Construction is expected to begin in summer 2021
CDB Valley View Apartments is a 100-unit new construction multifamily housing complex, consisting of 13 residential two-and one-story buildings with a one-story community/office building. The project has 100 units with 30 two-bedroom units at 1068SF; 62 three-bedroom units at 1254SF; and eight four-bedroom units at 1474SF.
The common area will include a 2,963SF community room with a food pantry and a 22KSF playground. The playground is designed with age-appropriate areas that will include a tot lot; a climbing wall and other playground equipment. CDB Valley View Apartments also will feature a half-court basketball area, walking paths and sitting areas, and a BBQ.
Home Matters to Arizona is born from a collaboration of the Arizona Association of Health Plans, whose member companies contract with the State’s Medicaid program to serve the health care needs of Arizona’s most vulnerable citizens. Founding Home Matters Arizona Fund include Arizona Complete Health, Banner – University Health Plan, Care1st Health Plan Arizona, Health Choice Arizona, Magellan Complete Care of Arizona, Mercy Care, The NARBHA Institute and UnitedHealthcare. (Source)