Budget-friendly apartment community to GY

Independent Newsmedia | Daily Independent

Budget-friendly rental housing may seem like a thing of the past in the Southwest Valley, but for one company, it’s the wave of the future.

Greenlight Communities, a Scottsdale-based company focused on what it calls “attainable” housing, recently closed escrow on 8.8 acres on the Southeast corner of 150th Avenue and Encanto Boulevard in Goodyear.

Construction is set to begin in August on Cabana on Encanto, a 286-unit apartment community the company says is designed to fill the void between affordable and luxury rentals. The $45 million project will include 114 studios, and 114 one-bedroom and 58 two-bedroom apartments. Rents will start at $900 and move-in costs will vary due to security deposits based on renters’ credit.

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