The Phoenix City Council authorized amendments to an Intergovernmental Agreement (IGA) with Maricopa County and approved a new funding agreement with the Phoenix Community Development and Investment Corporation (PCDIC) for the Senior Bridge affordable housing project. The decision modifies project eligibility criteria and unit make-up, paving the way for up to 54 affordable housing units. Total funding for the project amounts to $9,015,746, with $6,000,000 from Maricopa County and $3,015,746 from PCDIC, replacing previous HOME Investment Partnerships American Rescue Plan funding. The developer for the project has been updated to Senior Bridge, LLC, an affiliate of Steel & Spark, LLC. The term for related security instruments will be 20 years from project occupancy.