January 2023

ARIZONA IDA 47 ave Glendale ave affordable housing project

Arizona IDA approves $20 million bond for affordable housing project in Glendale, Az

The Arizona Industrial Development Authority agreed to be a conduit for $20 million in bonds for an Indiana company to build new affordable housing units in Glendale.

The 105-unit project will be built on the southwest corner of 47th and Glendale avenues. Indianapolis-based TWG Development is constructing two, three-story buildings that will lease to tenants who meet the income qualifications.