On March 26, 2025, the Phoenix City Council adopted Ordinance S-51736 to amend the intergovernmental agreement with Maricopa County for the Senior Bridge affordable housing project. The amendments modify project eligibility criteria and unit composition. Senior Bridge, LLC, an affiliate of Steel & Spark, LLC, is now the designated recipient of up to $6 million in American Rescue Plan Act funds provided by the County. The revised project will create 65 senior housing units, including 29 units for individuals exiting homelessness earning below 30% AMI and 25 units for low-to-moderate income residents. The City will also contribute over $3 million in HOME-ARP funds, bringing total funding to over $9 million. This update also maintains $750,000 in transitional housing funds previously awarded to Steel & Spark, LLC. The adjustments aim to better align the project with community housing needs while preserving the original funding structure.
This amendment advances a significant affordable senior housing development in Phoenix, addressing critical needs for low-income and formerly homeless individuals. It ensures targeted housing support while maintaining coordination between city, county, and federal resources.