June 8, 2022

Arizona Department of Housing announces recipients of federal Low-Income Housing Tax Credits

Two of the sixteen projects are located in Tucson.

door housing More than one-third of households in Tucson are considered housing cost burdened.
AZPM

Tucson is receiving two of 16 federal low-income housing tax credits in the state to help with affordable housing.

One is a project developed by the Pascua Yaqui Tribe. The other is through the City of Tucson Housing and Community Development Department.

Department Director Liz Morales said the project, Milagro on Oracle, will serve older, low-income adults.

"We were surprised, elated, grateful that the Department of Housing saw this project as what we thought was unique and important," Morales said.

The Project will receive over $2 million in tax credits.

The state Department of Housing awarded $30 million in federal credits this year. That’s more than any previous year. Seven of the projects are in rural communities.

The Arizona Department of Housing awarded thirty-million-dollars in federal Low-Income Housing Tax Credits this year. That’s more than any before.

One that was turned down is part of the “Thrive in the 05” initiative, which Morales said could signal difficulty in the city meeting its goals in revitalizing the area in zip code 85205.

What held it back was just that–-the program docks points for projects in zip codes where its already awarded the tax credits.

She says the city plans to request a change to this rule in August, when DOH will take feedback on the program.

Tucson averages about two projects a year with this program. Officials have raised concerns in the past that the program unfairly scores Tucson projects, and awards far more in the Phoenix area.

MORE: Housing, News, Tucson
By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
AZPM is a service of the University of Arizona and our broadcast stations are licensed to the Arizona Board of Regents who hold the trademarks for Arizona Public Media and AZPM. We respectfully acknowledge the University of Arizona is on the land and territories of Indigenous peoples.
The University of Arizona