Details
Norton Circle Apartments
Avondale, Arizona
$11,500,000
Developer: Housing Authority of Maricopa County
Summary
Norton Circle Apartments is a 100-unit property located in Avondale, Arizona. The property was made possible through a 9% Low-Income Housing Tax Credit (LIHTC) awarded by the Arizona Department of Housing, with additional support from Enterprise (the tax-credit investor), BMO Harris Bank (the construction lender), and RMCRC. 50 units are dedicated to extremely low-income households with rents subsidized through Project-Based Vouchers.
Community Impact
Norton Circle Apartments replaced a 5.7-acre site with 46 outdated units with 100 new high-quality, affordable housing units, providing a safe, supportive, and vibrant community for families in the area. It is located near schools, parks, grocery stores, and other essential services that help provide stable housing and community environments for families of all incomes and sizes.