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La Esperanza Terrace opens in West Phoenix after Maricopa County approves $6 million for 96 affordable units
Summary
La Esperanza Terrace, a 96-unit affordable housing complex on surplus school district land in West Phoenix, opened with $6 million approved by the Maricopa County Board of Supervisors. UMOM developed the property; applications are limited to households at or below 60% of area median income.
La Esperanza Terrace, a newly completed 96-unit affordable housing development in West Phoenix, opened after the Maricopa County Board of Supervisors approved $6 million to help build the project.
The complex includes 32 one-bedroom, 32 two-bedroom and 32 three-bedroom units. The development — described by officials as Arizona’s first affordable housing community financed through a school district surplus land initiative — will provide on-site employment services and will accept applications from households earning at or below 60% of the area median income.
Arizona native Amanda Torres, speaking during the public remarks, said housing has…
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