April 25, 2024 6:08 pm
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Catholic nonprofit to develop 2 affordable Phoenix housing projects for seniors

A rendering of Acacia, affordable senior housing being planned at 615 W. Pierson St., Phoenix. / Foundation for Senior Living / Phoenix Business Journal

By Anela Gonzales | Phoenix Business Journal

Foundation for Senior Living is planning two more senior housing projects in Phoenix, but experts say it’s still not enough to keep up with the growing demand for affordable senior housing.

Plans call for building two communities in Phoenix that will total $25.3 million in development costs, said Tom Egan, president and CEO of FSL, a Catholic charity under the Diocese of Phoenix.

A 78-unit community called Acacia will be built at 615 W. Pierson St., while a 113-unit community called Roeser will be built at 446/454 E. Roeser Road, he said. Each project will cost about $13.3 million to build, he added.

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