PHOENIX (AZFamily) — Gov. Katie Hobbs and other Phoenix-area leaders celebrated the grand opening of new affordable housing units in Phoenix.
The first phase of the complex, just off 31st Avenue and Thunderbird Road, features several parks, splash pads, and 108 three- and four-bedroom apartments.
“This is really amazing. I spent my career working in domestic violence so affordable housing is a big piece of how we address that. This is an amazing project that’s going to make lives better for a lot of Arizonans,” Hobbs said.
These new homes will serve as mixed-income and permanent supportive housing developments for families in need. Right now, the city of Phoenix reports that nearly 46% of its residents are considered low or extremely low-income, which means a lot of families are struggling to make ends meet.
“Affordable housing is essential. It’s everything. If you don’t have a safe place where you can call home, a place to breathe, take stock, and be able to think of how you can plan for your life and your family’s life there’s not much else you can do,” said Jessica Raymond, the executive vice president for Atlantic Development and Investments.
A mom of three, Elizabeth Galbez, said these homes are a path to help get them back on their feet toward success.
“There is something horrible about not being able to provide for your family. It destroys your self-esteem. It destroys your self-worth. As a mom, as a woman, as the primary breadwinner, it was like taking away who I was. So being here has given me back me,” Galbez said.
Atlantic Development and Investments reports that the local economic benefits of the project include $7.9 million in local income and 131 jobs.
Sources of funding for the project include housing trust funds and tax credit equity generated by an allocation of low-income housing tax credits from the Arizona Department of Housing, $1 million in HOME funds from the city of Phoenix, $1 million in AHCCCS Housing Trust Funds and GAP financing provided by the developer.
For more information on the Reserve at Thunderbird, click/tap here.
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