ARIZONA NEWS

Greenlight Communities offering ‘attainable housing’ in Valley

May 27, 2020, 1:00 PM

(Greenlight Communities Photo)...

(Greenlight Communities Photo)

(Greenlight Communities Photo)

PHOENIX — A Scottsdale-based housing company is looking to fill a need in the Valley apartment market.

While other apartment complexes have opted for the expensive luxury route, Greenlight Communities is focusing on middle-income renters, offering more manageable options.

“We call it attainable housing. In the multi-family market as you look around town, you see lots of buildings being built and the majority of those, probably 95% of the apartments built in Phoenix are ultra-luxury apartment units,” Robert Lyles, partner at Greenlight Communities told KTAR News 92.3 FM on Tuesday.

“In order to live in one of those, you need to make by yourself between $58,000 to $62,000 to qualify. So that leaves a whole lot of apartment people out of the market to move to a new unit unless they have roommates.”

Instead of a few high-end renters, the idea of attainable housing opens up possibilities for the entire workforce, Lyles said, adding that attainable housing is doable for anyone who makes around $38,000 a year.

“And by that I mean police, fire, health care workers, teachers,” Lyles said. “All of those people now have the ability to rent a new apartment and live on their own. There’s a lot of people that that affects in town and that’s why we’re having such good success.”

Greenlight Communities just completed its first two apartment complexes in Phoenix, totaling 476 units. Projects in Mesa, Goodyear and Glendale are ready to begin, Lyles said.

“Our goal is to build between 2,500 and 3,000 apartment units because there’s definitely a huge need for this,” Lyles said.

“The average health care worker in Phoenix makes $42,000 a year, so we really feel like we’re building in to a high demand sweet spot that nobody’s really focused on.”

To qualify for an apartment, Lyles said it’s relatively easy, with a credit check and proof of income needed.

KTAR News’ Griselda Zetino contributed to this report.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

State-route-87-closed...

KTAR.com

State Route 87 northbound closed in Fountain Hills

The northbound lanes of State Route 87 are closed due to a crash in Fountain Hills, according to the Arizona Department of Transportation.

2 hours ago

Project Active Duty: AHS program helps service members, pets...

Serena O'Sullivan

Military member reunited with cat after 7-month deployment

An Arizona Humane Society program called Project Active Duty protects service members' animals while they're serving the country.

3 hours ago

A man was sentenced to seven years in prison for fentanyl-related crimes. (Pexels photo)...

Damon Allred

Drug trafficker sentenced to 7 years in prison for elaborate fentanyl distribution scheme

A 20-year-old man was sentenced to seven years in prison after pleading guilty to fentanyl-related crimes.

4 hours ago

An abandoned Phoenix golf course will be revived this year by the new owner of the property. (Jim P...

Angela Gonzales/Phoenix Business Journal

Developer to breathe new life into abandoned Phoenix golf course, build 415 homes

An abandoned golf course at the southeast corner of 59th and Southern avenues in Phoenix's Laveen Village could get a new lease on life, after years of intense talks between the property's owner and community residents.

5 hours ago

A two-year-old girl nearly drowned on Saturday in Chandler. (Pexels photo)...

KTAR.com

2-year-old ‘breathing and alert’ after nearly drowning in Chandler

Fire personnel were called to a near-drowning incident in Chandler involving a two-year-old girl on Saturday.

13 hours ago

Exzavion Williams is in jail more than 15 months after a deadly shooting in Phoenix. (MCSO mugshot)...

KTAR.com

Arrest made from February 2023 shooting that killed Phoenix teen

Detectives arrested a man for murder and armed robbery in a homicide case from last year, authorities said Saturday.

13 hours ago

Sponsored Articles

...

Collins Comfort Masters

Here’s how to be worry-free when your A/C goes out in the middle of summer

PHOENIX -- As Arizona approaches another hot summer, Phoenix residents are likely to spend more time indoors.

...

Day & Night Air Conditioning, Heating and Plumbing

Beat the heat, ensure your AC unit is summer-ready

With temperatures starting to rise across the Valley, now is a great time to be sure your AC unit is ready to withstand the sweltering summer heat.

...

Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

Greenlight Communities offering ‘attainable housing’ in Valley