Pima County will be provided $5 million in gap funding for a total of nine affordable housing projects.
The Pima County Board of Supervisors, in a 4-1 vote Tuesday, awarded gap funding amounts of $500,000 to eight projects and $1 million to a ninth, to "develop or preserve" 527 affordable housing units.
“The County is excited about the completion of Round 4 of funding ... Together with our partners, we are making an impact on the critical affordable housing crisis and making a real difference in people’s housing needs,” said Pima County Community and Workforce Development’s affordable housing division manager, Sofia Blue, in a news release. “These are local dollars producing local impact."
"Stable housing is the basis for health, learning, jobs, and community well-being — and when families are stable, the community is stronger," Blue said.
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The Pima County Board of Supervisors has approved gap funding amounts of $500,000 for eight affordable housing projects and $1 million to a ninth.
The gap funding approved Tuesday will support the construction of 32 single-family homes and 390 new rental units.
The funding will also help preserve 82 units and 23 units "for bridge/traditional housing." The gap funding, the county says, is key to bridging financial shortfalls and to ensure that developers can begin or complete the construction of affordable housing projects.
"Those units will provide stable affordable housing in Pima County for a 30-year period for those earning at or below 80% of the area median income," the county said.
The county's Community and Workforce Development department received requests for proposal responses from 18 firms. The Regional Affordable Housing Commission reviewed those applications and met on Jan. 14 to "review cumulative scores and determine recommendations," which were made on Jan. 16.
Supervisor Steve Christy was the sole no-vote.
