As part of its continued efforts to address housing affordability issues in the region, the Maricopa County Board of Supervisors has approved a $10.8 million investment in new housing development in the City of Tempe. The project is a collaboration between Maricopa County and Tempe to acquire land in north Tempe for a modern mixed-use rental community.
Clint Hickman, chairman of the Board of Supervisors representing District 4, emphasized the impact of this investment, saying, “This decision reflects a commitment that goes beyond brick-and-mortar stores and lays the foundation for people to thrive. This funding is aimed at creating vibrant areas where residents can participate in the local economy.”
The project was made possible through Maricopa County's sharing of federal American Rescue Plan Act (ARPA) funding and reflects the efforts of Vice Chairman Jack Sellers to champion the project with Tempe Mayor Corey Woods. It is.
“The collaboration between the county and the city in the pursuit of affordable housing is a powerful partnership. It combines the strengths of both organizations for a more comprehensive and effective approach.” District 1 said Jack Sellers, Vice Chairman of the Board of Supervisors. “Working with Tempe Mayor Corey Woods, our joint efforts will provide short-term housing solutions and lay the foundation for a prosperous future for all who call this development home. It will create a regional asset.”
To ensure housing affordability, units are built to be energy efficient, and half of the rental units are affordable housing units reserved for income-eligible households making 30 to 80 percent of Area Median Income (AMI). Designated as affordable housing. . For a family of four, this equates to an annual income of $30,000 to $74,800.
“We are grateful for our partnership with Maricopa County and our shared vision to significantly increase affordable housing in Tempe and cities across the region,” said Mayor Corey Woods. “In Tempe, our innovative Home for All initiative is driving the expansion of affordable housing and providing opportunities for everyone who wants to call this city home. Our partnership with Maricopa County and other stakeholders is valued and essential to meeting the housing needs of individuals and families in our community. ”
Amenities in the housing development will be focused on promoting healthy lifestyles, including intergenerational interaction between neighbors and access to healthy food within the ground-floor retail space.
This $10 million investment is one of many collaborations Maricopa County and Tempe have engaged in over the past 20 months.
For more information on Maricopa County's countywide efforts to address housing needs, please visit: Maricopa.gov/Housing.
Maricopa County Vice Chairman Jack Sellers (right) shakes hands with District 1 and Tempe Mayor Corey Woods (left).
Maricopa County and City of Tempe leaders are from left to right: Tempe City Manager Rosa Inshausti, Tempe Mayor Corey Woods, Maricopa County Board of Supervisors Vice Chairman Jack Sellers (District 1), Maricopa County Human Services Director. Jacqueline Edwards, City of Tempe Deputy Community Health Director & Human Services Director Irma Hollamby Cain;