By InBusiness Phoenix
Lincoln Avenue Communities, a mission-driven acquirer and developer of affordable housing, today announced that it has closed financing for the construction of The Ranches at Gunsmoke, a ground-up development in partnership with WNC & Associates (WNC) that will create 271 new affordable homes for families in Maricopa earning no more than 60% of the Area Median Income.
“We’re thrilled to collaborate with WNC on our third ground-up development in central Arizona,” said LAC CEO Jeremy Bronfman. “LAC is proud to now have over 800 units of high-quality affordable housing for individuals and families under construction in Pinal County.”
The Ranches at Gunsmoke is LAC’s first Build-to-Rent (BTR) development and will feature a mix of two- and three-bedroom duplexes and standalone homes, each with a patio space, walk-in closets, and a private fenced backyard. The community will offer amenities including a fitness center, pool, grilling areas, a clubhouse, and rental storage units. Additionally, a solar carport system will be installed to offset approximately 50% of the community’s electricity usage. The project is expected to be completed in 2026.
