(Construction will begin in early 2022 on Pascua Yaqui Homes #8 in Tucson, Arizona. Courtesy Travois)
By Housing Finance
The Pascua Yaqui Tribe has moved a step closer to developing 27 affordable homes on the Pascua Yaqui Reservation in Tucson, Arizona.
Officials announced that they have closed on key financing with equity investor Red Stone Equity Partners to begin construction on the $9.6 million Pascua Yaqui Homes #8 development.
“As a tribe we are always excited to launch new affordable housing developments; however, this one is special in that it represents the creation of an entirely new class of housing on our reservation,” said Keith Gregory, director of housing for the Pascua Yaqui Tribe. “For the first time ever, we are able to offer housing diversity that will hopefully fuel future development creativity in tribal housing while simultaneously providing critical affordable housing for our tribal members.”
