December 22, 2024 4:54 am
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Pima County approves eight projects for affordable housing

(Disclosure: Rose Law Group represents Habitat for Humanity.)

By Real Estate Daily News

PIMA COUNTY, (Feb. 21, 2024) – The Pima County Board of Supervisors voted 4-1 at its Feb. 20 meeting to award $6.875 million for eight projects with the purpose of developing or preserving 835 affordable housing units.

This is the second batch of approved gap funding from the Pima County Regional Affordable Housing Commission. In June 2023, the Board approved $2.625 million for two affordable housing projects to develop or preserve 203 affordable housing rental units.

The Board had allocated $10 million as part of the 2022-23 and 2023-24 fiscal year budgets toward increasing affordable housing in Pima County. The Board further indicated that they would look at funding future projects at their March 5 meeting.

The Supervisors’ action aligns with their recent approval of Pima County’s Prosperity Initiative, a wide-ranging set of policies designed to reduce generational poverty and increase individual and community wealth.

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