A new affordable apartment community with a planned health clinic and cafe is now open in the Apache Corridor, near the light rail, bringing a model to Tempe that could be replicated across the state and country.<\/p>\n
The development offers rentals that are now leasing and will soon add homeownership options, offering nearly 125 new affordable housing units in Tempe.<\/p>\n
\u201cLa Victoria Commons checks all the boxes in terms of offering diverse housing opportunities and enhancing the overall health and well-being of our residents,\u201d said Mayor Corey Woods. \u201cWe are grateful to our development and community partners, Copa Health, Newtown CDC and Rail CDC for their shared vision of creating a new housing model in Tempe.”<\/p>\n
Copa Health<\/strong><\/a> developed 104 affordable apartments, with rents for a one-bedroom unit starting under $1,000 for income-qualified households. Units with two and three bedrooms are also available, ranging up to $1,376.<\/p>\n The apartments will serve moderate and middle-income households. For instance, a household of two making $44,850 or four making $56,100 will qualify. Potential renters can join an online interest list<\/strong><\/a>.<\/p>\n Copa\u2019s health clinic and caf\u00e9 open later this spring and will serve the entire community. The clinic will offer primary care and behavioral health services.<\/p>\n \n Newtown CDC<\/strong><\/a> is developing 19 affordable for-sale townhomes, which will be available this summer at below-market prices. Bringing homeownership options into the mix allows residents to build equity from day one and acquire family wealth.<\/p>\n La Victoria Commons<\/strong><\/a> is 20 years in the making. Tempe purchased land at Apache Boulevard and the Price Freeway in 2006 using federal funds with future affordable housing in mind.\u00a0<\/p>\n When it was time to develop the property, Tempe accelerated the project through its Hometown for All initiative<\/strong><\/a>, which creates sustainable funding to expand affordable housing in partnership with the Tempe Coalition for Affordable Housing<\/strong><\/a> (TCAH). Hometown funds were invested in predevelopment costs, and TCAH joined as one of the project funders.<\/p>\n \u201cWe are pleased to participate as a funder in the La Victoria Commons development and advancing investment in a strong, vibrant Tempe community,\u201d said TCAH Board President Irma Hollamby Cain.<\/p>\n The Arizona Department of Housing played a key role, assisting with a combination of tax credits for financing \u2013 a first in Arizona.<\/p>\n “ADOH is proud to fund $32 million in federal Low-Income Housing Tax Credits to this project, bringing 104 new affordable homes to Tempe. La Victoria Commons came together through a first-of-its-kind hybrid or ‘twinning’ model with the state utilizing both 9% and 4% tax credits to help bring this new affordable housing option to fruition,” said ADOH Director Ruby Dhillon-Williams.<\/p>\n","protected":false},"excerpt":{"rendered":"A new affordable apartment community with a planned health clinic and cafe is now open in the Apache…\n","protected":false},"author":3,"featured_media":644330,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5131],"tags":[5229,5643,1587,1589,67,586,132,5230,68,2969],"class_list":{"0":"post-644329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-phoenix","8":"tag-america","9":"tag-arizona","10":"tag-az","11":"tag-phoenix","12":"tag-united-states","13":"tag-united-states-of-america","14":"tag-unitedstates","15":"tag-unitedstatesofamerica","16":"tag-us","17":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116201985824014385","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/644329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=644329"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/644329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/644330"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=644329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=644329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=644329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}