ARIZONA REAL ESTATE & HOUSING NEWS

Maricopa County to add nearly $800,000 into Avondale affordable housing investment

Mar 31, 2024, 2:00 PM

Maricopa County District 4 Supervisor Clint Hickman (Maricopa County Photo)...

Maricopa County District 4 Supervisor Clint Hickman (Maricopa County Photo)

(Maricopa County Photo)

PHOENIX — The Maricopa County Board of Supervisors agreed on Wednesday to provide an additional $796,326 to an affordable housing project in Avondale.

With the additional funds coming from a community land trust, investments in the Avondale project have now surpassed $3 million.

“As living expenses increase and households are forced to juggle more financial responsibilities, I have seen some families lose hope that they’ll ever be able to become homeowners,” District 4 Supervisor Clint Hickman said. “I am proud of this board’s commitment to investing in affordable housing projects that can keep families’ hopes alive and break down the barriers that aspiring homeowners in the West Valley face.”

The initiative will build six single-family homes reserved for income-qualified buyers, and the community land trust will mandate that it can only be sold to other income-qualified buyers in the future.

For three of the homes, the income threshold is at or below 80% of the Area Median Income (AMI), which for Avondale is $74,800 annually for a family of four. The other three homes will be sold to households earning up to 120% of the AMI, no more than $112,000 annually for a family of four.

The homes are designed with sustainability in mind to keep operating costs to a minimum.

We want to hear from you.

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

Arizona Real Estate & Housing News

Stock photo of a worker hammering at a construction site. A dallas-based homebuilder recently close...

Angela Gonzales/Phoenix Business Journal

Landsea plans 90-home gated community on newly purchased Mesa land

Dallas-based Landsea Homes Corp. just closed on a 14.5-acre parcel in Mesa, with plans to create a gated community with 90 homes.

1 day ago

An aerial view map shows where a homebuilder bought a former golf course site in Glendale at 55th a...

Angela Gonzales/Phoenix Business Journal

Shuttered Glendale golf course site sold to Denver homebuilder for cash

Richmond American Homes of Arizona Inc. paid $28.64 million for land that was once home to a golf course in Glendale.

2 days ago

Affordable housing project in Wickenburg...

Serena O'Sullivan

Construction starts on Maricopa County-funded affordable housing project

Construction officially began for an affordable housing project in Wickenburg last week, officials announced.

6 days ago

The city of El Mirage is increasing its housing availability with the addition of five affordable s...

KTAR.com

5 affordable single-family homes to be developed in El Mirage due to federal grant

A West Valley city is increasing its housing availability with the addition of five affordable single-family homes, officials announced.

7 days ago

Stretching 541 feet skyward, the Astra will be the tallest tower in Arizona. (Aspirant Development ...

Angela Gonzales/Phoenix Business Journal

Arizona’s tallest apartment tower finally on track to start construction

Aspirant Development has unveiled new architectural renderings of what is slated to become Arizona's tallest tower.

7 days ago

Housing program...

Nick Borgia

Gov. Katie Hobbs announces new $13M housing program

Gov. Katie Hobbs and the Arizona Department of Housing (ADOH) announced a new housing program on Friday, called "Arizona is Home."

9 days ago

Sponsored Articles

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

...

Collins Comfort Masters

Avoid a potential emergency and get your home’s heating and furnace safety checked

With the weather getting colder throughout the Valley, the best time to make sure your heating is all up to date is now. 

Maricopa County to add nearly $800,000 into Avondale affordable housing investment