Arizona IDA

Goodyear is poised for a transformative housing project as developers announces plans for two distinct affordable housing communities catering to seniors and low-income families. This monumental development venture, led by Dominium, a visionary developer, in collaboration with local stakeholders, is not just about housing; it’s about fostering a sense of community and well-being. The project transcends conventional norms by embracing low-water landscaping, features crafted by local students, and a flexible space within the community clubhouse that will be a haven accessible to the neighboring elementary school.

Dominium will use the approximately 28-acre site located at 16985 W. Van Buren Street in Goodyear to construct 657 new affordable apartment homes for low-income families and seniors. Once constructed, Estrella Springs and Suncrest Vista at Canyon Trails will provide a combined total of 396 family and 261 age-restricted high-quality apartment homes, which combined marks the largest affordable multifamily new construction development within the state of Arizona. In cooperation with members of the local Goodyear Community, Dominium has incorporated numerous features that will benefit the community for many years to come, including landscaping improvements to drastically reduce water usage, artistic features designed by local high school students, and a flex space within the community clubhouse available for use by the local elementary school. The project will be constructed by WD construction.

The Arizona Industrial Development Authority last month approved the issuance of bonds for two affordable housing projects slated for the town of Goodyear.

The Estrella Springs development will bring 396 apartment units designed for families south of the southeast corner of Van Buren Street and the Loop 303. Its sister development, Suncrest Vista, will feature 261 units catering to seniors. Both developments will rent to low- and moderate-income tenants. Both projects are being developed by Minnesota-based Dominium Holdings.

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.

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.

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.

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.