Arizona IDA Approves Bonds for Senior Housing Project - Glendale, Arizona

Arizona IDA Approves Bonds for Senior Housing Project in Glendale, Arizona

A new housing development to alleviate senior homelessness in the Valley received approval for financing from the Arizona Industrial Development Authority last month.

Mercy Housing Inc., of Colorado, received approval for issuance of $35 million in bonds to build 148 low- and moderate-income units at the northeast corner of 50th Avenue and Glenn Drive. Mercy indicated the Glendale Senior Apartments will also bring in unhoused seniors. Among the amenities will be solar arrays to help bring down energy costs. Mercy has been developing affording housing for more than 40 years.

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