The Maricopa County Board of Supervisors has approved $10.8 million for Tempe to acquire land in the northern part of the city for a mixed-use, multi-family rental community.
The units will be energy efficient, and 50% will be designated as affordable housing reserved for income-qualified households that earn between 30% and 80% of the Area Median Income, according to a release. For a family of four, that would be an income of $30,000 to $74,800 annually.
"This decision reflects a commitment that goes beyond bricks and mortar; it's about creating a foundation for people to thrive," Clint Hickman, the board’s chairman, said.
“This funding is a catalyst for creating a vibrant neighborhood where our residents can participate in our local economy."
The money comes from Maricopa County's share of federal American Rescue Plan Act.
"The collaboration between county and city government in the pursuit of affordable housing is a powerful alliance. It combines the strengths of both entities, allowing for a more comprehensive and effective approach,” said Jack Sellers, who represents District 1 on the board.
Amenities at the housing development will be focused on promoting a healthy lifestyle including intergenerational social interaction among neighbors and access to healthy food within ground-level retail spaces, officials said.
“In Tempe, our innovative Hometown for All initiative is driving an expansion of affordable housing to provide opportunities for anyone who wants to call this city home,” Mayor Corey Woods said.
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