By Jeremy Duda | Axios
Much-needed affordable housing is going on up on Seventh Avenue, courtesy of Catholic Charities.
Why it matters: The Valley is suffering a shortage of about 270,000 housing units, according to a 2022 report by the Arizona Department of Housing.
The big picture: The building under construction is the second part of a three-phase Acacia Heights project, which will have 66 units, said Steve Capobres, executive director of Housing for Hope, a Catholic Charities affiliate.
- Capobres told Axios it’s expected to be finished in September.
- The first phase was 78 affordable senior housing units built by the Foundation for Senior Living, a sister agency to Catholic Charities.
Zoom in: Capobres said apartment rents will be based on what’s affordable for people who earn 40% to 60% of the area median income.
