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ARIZONA REAL ESTATE & HOUSING NEWS

Dominium breaks ground on affordable housing community in Maricopa

Dominium broke ground on its Built-to-Rent, affordable housing community, which will have 215 homes, in Maricopa on Monday.

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PHOENIX — Dominium, a national affordable housing developer, broke ground on its first built-to-rent community in Maricopa on Monday.

The housing project, called Saddleback Village at Stonegate, is located at 18260 N. Alan Stephens Parkway.

“Maricopa is thrilled Dominium is developing high-quality affordable housing options,” Maricopa Mayor Nancy Smith said in an announcement. “Our fast-growing community needs to serve all families and residents. Workforce housing contributes to a healthy, vibrant economy that will help families thrive into the future.”

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The company announcement said it selected Maricopa to house its first build-to-rent community due to its projected growth and family population.

Residents will be required to earn no more than 60% of the median income level.

What will the affordable housing community have?

Saddleback Village at Stonegate will consist of 215 homes. These will consist of various floorplans:

  • There will be 25 single-floor, two-bedroom homes.
  • There will 95 two-story, three-bedroom homes.
  • There will be 95 two-story, four-bedroom homes.

The housing project is 19 acres and units will range in size from 910 square feet to 1,442 square feet.

Homes within Saddleback Village will have a variety of amenities, including private backyards, granite countertops, designer lighting and hardware and key fob entry access.

The community will also have a playground and outdoor amenity spaces.

Lifestyle Homes of Scottsdale will handle construction of the project, which was designed by Todd & Associates.

Dominium bought the land in November of 2024 for $8.26 million.

Dominium has plans to build 35 affordable housing projects with a total of 1,500 units in Arizona over the next few years.

Kylie Werner KTAR.com editor

Kylie Werner is a web content editor for KTAR.com. Werner is from Bonita, California, or just 15 minutes south of San Diego. Since graduating from the Cronkite school in December 2023, she has spent her time covering local and hyperlocal news for… Read more

Comments

1 Comments

J
Julzrulz 1 year ago

So cheap housing, less regulations and lower standards ?