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UMOM, city and partners open La Esperanza Terrace, 96 affordable rental units in Phoenix
Summary
UMOM New Day Centers and public and private partners marked the grand opening of La Esperanza Terrace, a 96-unit affordable rental development on surplus school land funded by city, county and state sources and supported by tax-credit and private financing.
UMOM New Day Centers held a grand-opening ceremony in Phoenix to open La Esperanza Terrace, a new 96-unit affordable rental development for families.
Jackson, founder and CEO of UMOM New Day Centers, opened the ceremony and said La Esperanza represents “hope for families” and a place where “families can live safely and work steadily.”
The ceremony highlighted the project’s public–private financing and intergovernmental partnerships. Mayor Kate Gallego said the development was financed with assistance from “the City of Phoenix, Maricopa County, and the state of Arizona” and noted the project supports the city’s housing goals. “We were able to partner thanks to a model developed by Vitalist and…
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