PHOENIX – Tempe officials are adding 15 apartments and houses to its list of permanently affordable rental housing for individuals and families in the area.
The additional apartments and houses will bring the total number of affordable housing units in Tempe to 100, as the city hopes to ensure that there are a variety of housing types for those looking to live there.
The units range from small apartments to large 5-bedroom houses, according to a press release.
âI am so proud of what we have been able to accomplish so far through the Hometown for All initiative,â Mayor Corey Woods said in the statement.
âWhether it’s buying an apartment complex, buying land to create new homeownership options, or partnering with a developer to provide more affordable housing and labor. work in Tempe, these actions mean that more individuals and families who wish to call Tempe home have this opportunity. “
Funds used under the Hometown for All initiative – approved in January – are used to purchase and rehabilitate properties, develop city-owned land, and partner with developers or non-profit organizations. lucrative to build affordable or labor-intensive units, the statement said.
Under the program, 50% of certain permit fees paid to the city by developers would go to The Affiliate, a non-profit organization affiliated with the city’s Public Housing Authority.