Tempe Coalition for Affordable Housing reports $5.6 million cash position, 70-unit portfolio and plans to prioritize 2025 acquisitions

The Tempe Coalition for Affordable Housing (TCAH) reported at a joint meeting with the Tempe City Council that it holds about $5.6 million in cash, manages a 70-unit affordable housing portfolio and will prioritize acquisitions and a 2025 development strategy.

TCAH board president Irma Holland B. Kane told the joint meeting that the coalition is structured to operate with flexibility outside typical U.S. Department of Housing and Urban Development limitations, allowing it "to acquire real property, secure loans, qualify for 501(c)(3) status" and to hold properties "as permanently affordable and workforce housing units for the community." The board said its portfolio’s total assets are about $16,600,000.

Why it matters: TCAH said it aims to preserve permanently affordable housing in Tempe and to quantify the subsidy it provides tenants; council members raised concerns about the coalition’s exposure if voucher funding is disrupted at higher levels of government.

Key financial and portfolio details - Cash position: "about 5,600,000.0 at the end of the year," according to Teresa…