Arizona IDA and Gorman & Co - Centerline Affordable Housing Project.

Developer Breaks Ground on Low-Income Apartments in Glendale with Help from Arizona IDA

Glendale – A new development funded by bonds secured through the Arizona Industrial Development Authority for low- and moderate-income residents broke ground Friday.

The $120 million project became a reality after the Arizona IDA gave approval to issue $70 million in bonds. The sale of the bonds closed this week for the project on 67th Avenue south of Glendale Avenue and developer Gorman and Co. plans to complete construction in less than two years.