Arizona

South 7th Village Apartments | Phoenix, AZ

Loan Amount: $2,788,866

Developer: UMOM New Day Centers, Inc.

South 7th Apartments is a new construction affordable housing project providing 90 restricted units for seniors aged 55 and older, targeting low-income households with rents affordable at an average of 48.3% of area median income, fostering a supportive community environment in a suburban low-income neighborhood. Recreational amenities such as a community room, BBQ and picnic areas, walking trail, raised garden beds, bike racks, and carports promote social interaction, physical activity, and outdoor enjoyment, while proximity to a grocery store, senior center, and urgent care facility improves daily living and contributes to neighborhood revitalization.

Units: 90