By Tasha Anderson for AZBEX
The City of Phoenix Housing Department has recently issued a solicitation to gauge developers’ interest in building and/or rehabilitating more affordable rental housing.
The Call for Interest, approved by Phoenix City Council on November 6th, allows the Housing Department to “facilitate construction, acquisition, and/or rehabilitation of affordable rental housing by providing financing at very low interest rates or through forgivable notes,” according to the CFI.
The city is looking for developers, either non-profit or for-profit, and/or eligible Community Housing Development Organizations (CHDOs) with experience in developing quality affordable housing geared toward the homeless and special needs populations.
