By Arizona Medicaid Health Plans and LISC Phoenix
The Housing is Healthcare Fund by the Arizona Medicaid Health Plans, a model collaboration for affordable housing development, is announcing new grant awards to increase the availability of housing across Arizona.
Five projects in Payson, Phoenix, Prescott, Show Low and Surprise will receive a total of $2.5M. Since 2020, the Medicaid Health Plans have provided $12.8M through 29 grants, including this announcement.
The Housing is Healthcare Fund addresses Arizona’s rising affordability crisis while paying attention to the role of social determinants of health and housing as a quality-of-life issue. Housing built by these grants will serve residents across the state, including Arizona Health Care Cost Containment System-eligible individuals and families.
This fund was created when the managed care organizations who contract with the State’s Medicaid program to serve the health care needs of Arizona’s most vulnerable citizens came together to invest in housing. Fund participants include Arizona Complete Health-Complete Care Plan, Banner – University Health Plan, BCBSAZ Health Choice, Molina Healthcare of Arizona, Mercy Care, The NARBHA Institute and UnitedHealthcare Community Plan of Arizona.
Local Initiatives Support Corporation, a national community development financial institution with a local office based in Phoenix, supported the partners in the development of the Fund and continues to review proposed projects and administer grant awards.
Recent award recipients:
Central Valley Coalition for Affordable Housing
- Project: Glendale Senior Living (Glendale Apartments);
- Total Development Cost: $22.45M;
- Grant: $500K;
- Address: 6819 N. 27th Ave., Phoenix;
- Construction Start Estimate: December 2024;
- Construction Completion Estimate: June 2026.
ChangePoint Integrated Health
- Project: TurningPoint Apartments;
- Total Development Cost: $2.4M;
- Grant: $500K;
- Address: 2500 E. Cooley St., Show Low;
- Construction Start Estimate: September 2025;
- Construction Completion Estimate: Not provided.
Native American Connections
- Project: Cross Winds @ Three Star Pointe;
- Total Development Cost: $21M;
- Grant: $500K;
- Address: 16178 N. El Mirage Rd., Surprise;
- Construction Start Estimate: March 2025;
- Construction Completion Estimate: June 2026.
Payson Regional Housing Development
- Project: Green Valley Apartments II;
- Total Development Cost: $21.8M;
- Grant: $500K;
- Address: McLane Road, Payson;
- Construction Start Estimate: March 2025;
- Construction Completion Estimate: June 2026.
US Vets Housing Corp
- Project: Fort Whipple Veterans Housing;
- Total Development Cost: $39.6M;
- Grant: $500K;
- Address: 500 Highway 89 North, Prescott;
- Construction Start Estimate: April 2025;
- Construction Completion Estimate: June 2026.
AZBEX Note: Our information conflicts with some of the dates contained in the announcement. We show different start dates on some projects:
- Glendale Senior Living (Glendale Apartments) – Start Date: January 2025
- Cross Winds @ Three Star Pointe: Groundbreaking Ceremony: December 2024, Start Date: Unknown
- Fort Whipple Veterans Housing: Start Date: January 2025, Groundbreaking Ceremony: April 2025