Fine Signing Group, Prescott Valley, Arizona Yavapai University The two organizations announced that they have joined forces in a rapid-acting effort to create more viable housing options for local teachers, firefighters, police and sheriffs, health care workers, and the workforce. This contract provides housing in: fine signature groupYavapai College’s inspirational apartments in Cottonwood City.

The collaboration between Prescott Valley community builders and Arizona Community College was born out of the rapidly growing need for affordable housing for employers and employees across the region. A recent survey found that 44% of Yavapai County renters have a cost burden and 26% of homeowners have a cost burden. Cost burden means that these renters and homeowners spend more than 30% of their income on rent or mortgage (1). “This is our first step in directly addressing the housing problem of the 70 percent of Yavapai County residents facing housing problems.” The effect has created cost burdens and pushed prices out of the market. If successful, we look forward to expanding our efforts to serve more communities,” said Brad Fain of Fain Signature Group.

Fain Signature Group CEO Brad Fain Yavapai College President Lisa Rhine Dr.

According to a study entitled “Housing Arizona” by the ASU Morrison Institute for Public Policy, “Arizona is facing a housing crisis caused by a severe slowdown in the housing market following the 2008 economic recession… It has stopped, and as more people migrate to the state, the housing supply is dwindling.” It can’t keep up with population growth. According to the Arizona Department of Housing, Arizona currently has a housing shortage of 270,000 homes … This shortage has caused many people to seek or keep all kinds of housing, from luxury to affordable housing. I have a hard time doing it. (2)

“We are excited to work with Yavapai University to design housing options for the institution, its employees and students. It has been very helpful in understanding how we can work together to find a housing solution that is understandable and achievable.Collaboration with the university in this regard has been very helpful in finding meaningful solutions for communities, residents and the environment. It will benefit all employers in the region as they begin to work with not only cities and towns but also industry, industry, first responders and medical professionals to create a policy,” said Fain Signature Group CEO, Fain Signature Group. says Brad Fain. “We are also grateful to have strong partners in the City of Cottonwood, Arizona. We have been working with you.”

“Housing availability and affordability in our county has reached a stage where Yavapai University is losing valuable faculty, staff and prospective students. We appreciate Fain Signature Group’s vision and willingness to partner with universities to create solutions,” said Lisa, Dean of Yavapai College. said Dr. B. Rhine. “Cottonwood’s Inspiration Apartments offer new housing options for employees, students, and prospective students at the university’s Verde Valley campus and Sedona Center,” she said.

Quotes from local employers about housing

About Fain Signature Group

As one of the first homesteading families in central Arizona, the Fiennes family have called the Prescott Valley area home since 1874. Fiennes Signature Group (FSG) is a community building organization made up of local families who are passionate about living here. FSG owners and their employees represent families born, educated, raised, living and/or working in the Prescott Valley. Their mission is to create a better life for all, with community design, long-term vision and regional cooperation at the heart of their practice. For more information, please visit: www.FainSignatureGroup.com

About Yavapai University

Yavapai College operates six campuses and centers in Yavapai County, offering over 100 degrees and certificates, bachelor’s degrees, student and community services, and cultural events and activities.
Registration for the fall semester is open and classes are filling up fast. To learn more about YC and register for classes, please visit: www.yc.edu.

References

(1) Ashley Tziganuk, Analyst Liza Kurtz, Analyst Alison Cookdavis, Associate Director of Research Addison Hicks, Student Research Assistant, “Where Are You Going Now?” Experience of Housing Insecurity in Yavapai County, ASU Morrison Public Policy Institute. September 2022.

(2) Ashlee Tziganuk, Research Analyst Liza C. Kurtz, Research Analyst Alison Cook-Davis, Associate Director of Research Adison Hicks, Graduate Student Assistant, “Arizona Housing: Addressing the Development Challenges of Arizona’s Housing Shortage.” ASU Morrison Institute for Public Policy. November 2022.

Glossary

affordable housing
“Affordable housing is affordable housing for people earning near the Regional Median Income (AMI). Households should never have to spend more than 30% of their income on housing.” Erin Shine, “What does affordable housing mean (relative to affordability)?” https://www.attainablehome.com/what-attainable-housing-means-vs-affordable/ May 2022.

affordable housing
“Affordable housing is priced below market and typically requires no more than 30% of a household’s monthly income to purchase. To lower, it is usually provided by the government.” Erin Schein, “What does affordable housing mean (relative to affordability)?”. https://www.attainablehome.com/what-attainable-housing-means-vs-affordable/ May 2022.

Inspiration Cottonwood Apartments includes 192 apartments with one, two and three bedroom floor plans. Facilities include a community pool, workout room, spa, pool, clubhouse with lounge, dog run and BBQ area. Cottonwood’s newest apartment community is located at 89A 345 State Road, Cottonwood, Arizona 86326. The apartments are ideally located across from the Verde Valley Medical Center and only a 3 minute drive to Old Town Cottonwood.

Inspiration Cottonwood Apartment Rental Information

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