By David Iversen | InMaricopa
City and state leaders joined developers today to break ground and tour two major affordable housing developments in Maricopa. Together, these new communities will bring more than 500 new homes to Maricopa.
Ironwood Ranch and The Ranches at Gunsmoke are billed as a “significant milestone” in Arizona’s response to the housing affordability crisis.
Developers with Santa Monica, Calif.-based Lincoln Avenue Communities held a ceremonial groundbreaking this morning at Honeycutt and Gunsmoke Roads. The two developments being built there will provide 523 homes across a combined 40-acre site — 252 units at Ironwood and 271 at The Ranches.
While Ironwood Ranch is a traditional affordable apartment community, The Ranches at Gunsmoke is being hailed as a historic first: the nation’s first large-scale, affordable, single-family “build-to-rent” community using 4% Low-Income Housing Tax Credits.
