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Maricopa County approves $6 million for La Esperanza Terrace, 96-unit affordable housing on surplus school land
Summary
The Maricopa County Board of Supervisors approved $6 million to help build La Esperanza Terrace, a 96-unit affordable housing development on Isaac Elementary School District surplus land in West Phoenix. The complex is financed under a school-district surplus land initiative and will serve households at or below 60% of area median income.
The Maricopa County Board of Supervisors approved $6 million to help build La Esperanza Terrace, a 96-unit affordable housing complex on surplus land owned by the Isaac Elementary School District in West Phoenix.
The project is Arizona’s first affordable housing community financed under a school-district surplus land initiative, county officials and project partners said. La Esperanza Terrace will include 32 one-bedroom, 32 two-bedroom and 32 three-bedroom units and will offer on-site employment services. Applicants must earn at or below 60% of the area median income and can apply in person at the leasing office.
The funding was approved by the board as part of the county’s use of American…
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