THE INDIANAPOLIS-BASED DEVELOPER ENTERS ARIZONA MARKET AND CONTINUES ITS COMMITMENT TO UNDERSERVED POPULATIONS
Phoenix, AZ — TWG, a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces the start of construction of Sunland Flats in South Phoenix. This project is TWG’s first in the state of Arizona.
Located at 225 W. Sunland Ave., Sunland Flats is a new $21 million multifamily development that will bring more affordable housing options to South Phoenix and the Hispanic community. The 90-unit development will encompass five two-story buildings that equate to 110,000 square feet and feature two- and three-bedroom apartments. All units are intended for those earning 40-50% of the area median income (AMI).
WITH THE DEVELOPMENT OF SUNLAND FLATS, TWG IS EXCITED TO PROVIDE MORE AFFORDABLE HOUSING OPTIONS TO SOUTH PHOENIX, WHICH REPRESENTS A VIBRANT COMMUNITY WITH AN ABUNDANCE OF DIVERSE CULTURES, ETHNICITIES, LANGUAGES, LIFESTYLES AND INCOMES,” SAID TWG DEVELOPMENT DIRECTOR TRAVIS VENCEL.
Over the years, the need for affordable housing in the Metro Phoenix area has drastically increased. Phoenix Mayor Kate Gallego has made bringing more attainable housing options to the area a top priority with her Affordable Housing Plan. The area is also anticipated to grow as Valley Metro’s new South Central Extension/Downtown Hub brings light rail to the neighborhood, with a station at Central and Southern, allowing residents to conveniently travel throughout downtown Phoenix.
Governor of Arizona Doug Ducey has also prioritized the need for more affordable housing in the state. Recently, Governor Ducey signed into law a new low-income housing tax credit that could spur more than $160 million in affordable housing development. The Arizona Housing Coalition played an integral role in bringing this legislation to life and continues to advocate for safe, affordable homes for all Arizonans.
ENSURING ARIZONANS HAVE ACCESS TO SAFE AND RELIABLE HOUSING REMAINS A PRIORITY,” SAID GOVERNOR DUCEY. “TWG’S DEVELOPMENT IN SOUTH PHOENIX WILL PROMOTE MORE AFFORDABLE HOUSING AND IS A COMMUNITY-FOCUSED PROJECT THAT WILL BENEFIT SO MANY PEOPLE. ARIZONA IS PROUD TO FOSTER THIS KIND OF DEVELOPMENT BY ADMINISTERING THE FEDERAL LOW-INCOME HOUSING TAX CREDITS, AND THROUGH THE ENACTMENT OF SENATE BILL 1124 WE WILL BUILD UPON THIS SUCCESS WITH THE CREATION OF STATE HOUSING CREDITS TO ADDRESS THE INCREASED NEED HERE IN OUR STATE. MY THANKS GOES TO THE TEAM AT TWG DEVELOPMENT FOR THEIR COMMITMENT TO EXPANDING HOUSING OPTIONS FOR ARIZONANS IN NEED.
TWG commemorated the start of construction of Sunland Flats at a groundbreaking ceremony on Wednesday, August 18 at 9 a.m. MT. The project will create 150 new jobs over the 18-month construction period. Once completed in Fall 2022, Sunland Flats will also include amenities such as a clubhouse, playground, toddler area and community pool.
Through Arizona’s low-income housing tax credit (LIHTC) program, TWG was awarded a LIHTC from the Arizona Department of Housing last year to develop this project. This project was made possible with support from the City of Phoenix, including Economic Development Director Christine Mackey, and the Phoenix IDA.
WITH THE CONSTRUCTION OF LIGHT RAIL RAMPING UP, I’M THRILLED TO SEE A THOUGHTFUL, SUSTAINABLE AND AFFORDABLE HOUSING PROJECT BREAKING GROUND TO SERVE NEW AND EXISTING WORKING FAMILIES IN SOUTH CENTRAL PHOENIX. IT SETS A STRONG STAGE FOR WHAT’S TO COME,” SAID PHOENIX CITY COUNCILWOMAN YASSAMIN ANSARI. “I’M COMMITTED TO ENSURING THAT WE SPUR ECONOMIC DEVELOPMENT THAT EQUITABLY SERVES FUTURE GENERATIONS AND PRIORITIZES OUR URGENT NEEDS — AND AFFORDABILITY IS AT THE TOP OF OUR AGENDA,” SHE ADDED.
ONE OF THE MOST EXCITING ASPECTS OF THE PHOENIX SOUTH CENTRAL EXTENSION OF LIGHT RAIL IS THAT IT WILL FOSTER NEW OPPORTUNITIES FOR TRANSIT-ORIENTED DEVELOPMENT, AND SPECIFICALLY NEW HOUSING OPTIONS ALONG THE ROUTE,” SAID CHRISTINE MACKAY, DIRECTOR, PHOENIX COMMUNITY AND ECONOMIC DEVELOPMENT. “SUNLAND FLATS IS THE FIRST OF WHAT WE HOPE WILL BE MANY PROJECTS PROVIDING SAFE AND AFFORDABLE HOUSING FOR OUR CITIZENS ADJACENT TO OUR SOUTH CENTRAL PUBLIC TRANSIT EXPANSION AND BETTER CONNECT THEM TO CAREER OPPORTUNITIES THROUGHOUT THE CITY.
ADDITIONAL COVERAGE:
- Breaking ground on affordable housing in Phoenix
- $21M affordable-housing development coming to a south Phoenix pressured by rising rents
- Crews break ground on affordable housing development in south Phoenix
- Crews break ground on affordable housing development in south Phoenix