By Kimlye Stager | Pinal Central
MARICOPA — The Arizona Development Authority closed a bond transaction financing Copa Flats Apartments in Maricopa, ready for occupancy by summer 2023.
According to the press release by AZ IDA, it’s a $46 million bond issue that will fund 312 affordable housing units. These apartments will be built by Real Estate Equities and located near the intersection of North Porter Road and West Applegate Road.
The main mission of AZ IDA is to bring more affordable housing to Arizona, which helps this state’s continued growth. This project is going to provide many new units in Pinal County.
“We are working with developers across the country to continue to boost the inventory for the thousands of people who want to relocate and call Arizona home,” said Patrick Ray, IDA program manager.
