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Affordable Housing Loan for Senior Bridge Project

  • When: 2024/12/04
  • Address: 2853 E. Van Buren Street, Phoenix, AZ
  • City: Phoenix
  • State: AZ
  • Category: Affordable Housing
  • Asset Class: Multifamily
  • Property Type: Affordable Housing
  • Size: 65 units

The City Council approved a $3,015,746 loan from the HUD HOME-ARP program to fund 65 affordable housing units at Senior Bridge. Residents will receive comprehensive support services including financial management, mental health care, and employment assistance, addressing key barriers to housing stability.

Why it Matters

This project enhances housing stability for seniors exiting homelessness and aligns with Phoenix's strategy to increase affordable housing options.

Source

Ownership - Senior Bridge, LLC


Allowed Uses: Permanent supportive housing for seniors transitioning from homelessness