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Glendale breaks ground on first complex to use Arizona affordable housing tax credit

Wednesday, March 29, 2023   /   by Juan Grimaldo

Glendale breaks ground on first complex to use Arizona affordable housing tax credit

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GLENDALE – Construction is underway on an affordable housing complex funded in part by a state low-income housing tax credit and lauded by state and local officials who gathered at the building site on May 24.

Gorman and Co. — one of the nation’s largest producers of affordable housing — announced Centerline on Glendale will be the first rental home community financed using Arizona’s low-income housing tax credit. The 368 apartments are expected to be completed in fall 2024.

“As a social worker, I know firsthand how crucial stable housing can be to physical, emotional and economic well-being,” Gov. Katie Hobbs said at the Friday news conference, promising more support for projects that address homelessness or help residents who are one paycheck away from losing their home.

“Our housing policy agenda calls for expanding this program and making it permanent, just like we want to do with the housing trust fund,” Hobbs said.

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By Abigail Scott - Cronkite News



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The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346


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