By Real Estate Daily News
Pima County, (Aug. 21, 2024) – The Pima County Board of Supervisors at its Aug. 19 meeting approved by a 4-1 vote $1 million in gap funding for 72 apartment housing units in Tucson.
Specifically, the project will provide housing for low-income older adults, with 22 units designated for homeless individuals with support services offered by the Primavera Foundation. The three-story building, located on 22nd Street west of Columbus Boulevard, will feature solar panels that are expected to provide electricity for all tenants and common areas. Those utility costs will be included in the rent.
All funding has been identified for the project, which will cost approximately $27.86 million. Pima County’s funding is less than 4% of the total project costs. County funding will be used to cover funding gaps in development and construction costs necessary to complete the project.
