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Commonwealth to Bring Affordable Housing to Arizona

Category: Uncategorized

Commonwealth is thrilled to bring 96 units of affordable housing to South Phoenix. The property will consist of 63 2-bedroom units and 48 3-bedroom units for families making at or below 60% of the area median income (AMI).

Total development costs are estimated at $22.8M or approximately $238,000 per unit.  The Arizona Department of Housing reserved $1.95M in tax credits for the project.