In a unanimous vote on March 27, the Maricopa County Board of Supervisors approved an agreement to provide an additional $796,326 to enhance homeownership opportunities in Avondale using a Community Land Trust (CLT), bringing the total investment in the Avondale project to more than $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,” said Supervisor Clint Hickman of District 4. “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.”
Through this initiative, six single-family homes will be built for income-qualified buyers to purchase. Each home will be built with sustainability and energy efficiency in mind to keep the operating costs of the homes as manageable as possible.
“Homeownership is a powerful step towards building multi-generational wealth, especially for lower-income families,” said Supervisor Steve Gallardo of District 5. “I couldn’t be happier for the Avondale families in my district that will benefit from this initiative and use this support as a launch pad for long-term stability and success.”
Three homes will feature three bedrooms, two bathrooms, 1,225 square feet of living space, and will be available for homebuyers earning at or below 80 percent of the Area Median Income (AMI), which is $74,800 per year for a family of four.
The remaining three two-story homes will feature three bedrooms, two and a half bathrooms, and 1,440 square feet of living space. These homes will be sold to households who earn up to 120 percent of the AMI, which is no more than $112,200 per year for a family of four.
Video: View Previous Affordable Housing Projects in Avondale
The CLT approach ensures affordability of these homes and increases the supply of affordable housing and homeownership opportunities for generations. The CLT will hold a 99-year renewable ground lease which requires that the homes remain owner-occupied and can only be sold to income-qualified homebuyers.
The additional funding, part of U.S. Department of Housing and Urban Development’s HOME Partnerships Program Community Housing Development Organization (CHDO) dollars, brings the total amount invested to $3.1 million.
This initiative reflects Maricopa County’s commitment to addressing housing affordability challenges by facilitating access to safe, affordable housing for its residents. For more information on housing investments made in Maricopa County, visit Maricopa.gov/Housing.
About Maricopa County Human Services
The Maricopa County Human Services Department (HSD) builds resiliency in the community and promotes the well-being of County residents experiencing adversity through a variety of programs and services to help people and families thrive. These opportunities include early childhood education, housing, homeownership, independent living services for seniors and adults with disabilities, career development for job seekers with barriers to employment, crisis rental, and utility assistance, and support for people experiencing homelessness. HSD is committed to delivering innovative, equitable, inclusive, and comprehensive services in a collaborative approach that preserves dignity, promotes respect, and facilitates social and economic mobility. Learn more about the financial, educational, and support resources available to Maricopa County residents at Maricopa.gov/HSD.
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, www.maricopa.gov
"avondale arizona "Avondale" when:7d" – Vivrr Local , 2024-03-27 23:48:22
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