500 affordable rentals under construction in Phoenix, Scottsdale

 

 

 

You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and  need an estimated value.   Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me
walterunger@ccim.net.   –     What is a CCIM.  –

In Business and in Life you don’t get what you deserve, you get what you Negotiate.

LOOKING FOR SELLERS AND BUYERS Land – Industrial – Retail – Office- Multifamily

contact me if you want the me to get you the value of your property.

CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS. 

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

Catherine Reagor    Arizona Republic   01/31/2021

Much needed affordable housing is going up in the midst of a pandemic, eviction crisis and nonstop trend of rapidly rising home and rent prices in metro Phoenix.

More than 500 affordable homes are under construction in metro Phoenix, at a time they are needed most.

The projects launched during the uncertain times of COVID-19 include a new home community in Phoenix’s Sunnyslope neighborhood where tenants can build equity through paying rent.

An “attainable” rental cabana project in south Scottsdale for people who don’t qualify for low-income housing help but can’t afford the Valley’s many new upscale apartments will open in March.

And in central Phoenix’s Eastlake Edison Choice neighborhood, a new complex with rents 30% below the average for nearby downtown Phoenix is under construction.

Private developers, groups and start-up funds are behind this latest round of affordable housing. That is a strong sign Valley businesses, community leaders and residents understand the incredible need for the homes.

New affordable housing projects

New Sunnyslope homes: Nonprofit Trellis is developing 43 new homes in Sunnyslope to help low-income families buy a home, a key way to build stability for a family and savings through equity.

Residents of the community at Sixth Avenue and Mission Lane can accumulate value by paying rent through an equity/rental credit arrangement, so they can buy their homes later on. Rents are still being finalized for thetownhomes.

Home Matters to Arizona, a new fund that aims to grow to $100 million to help build 200,000 affordable homes across the state, is helping to finance the Sunnyslope project. The fund, launched with the help of health care firms in Arizona, aims to reduce homelessness, address racial inequities in housing, lower medical costs for residents and advocate for affordable housing and renters’ rights.

Workforce housing in Scottsdale: Scottsdale-based Greenlight Communities plans to open its Cabana Hayden project with 89 rentals in March. The housing development, at Hayden Road and Oak Street, is one of seven new affordable apartment projects the developer is working on in metro Phoenix that are priced to be “attainable” for the area’s workforce.

The developer defines attainable as rents priced to fill the void between affordable and luxury apartments. Rents at its Cabana projects range from $919 for a one-bedroom in central Phoenix to $1,500 for a two-bedroom in south Scottsdale. Cabana Hayden has studios, one-bedroom and two-bedroom apartments.

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Apartments near downtown Phoenix, rents 30% lower: Construction on the St. Ambrose apartments at the southwest corner of 12th and Van Buren streets in Phoenix’s Eastlake area started a few months ago.

Rents at the 235-unit complex start at about $1,050, at least 30% below the average rent for downtown Phoenix, said developer Michael Lafferty, partner at Scottsdale-based Defer Gain.

The complex will have 44 studios, 162 one-bedroom apartments and 35 two-bedroom units.

SEEKING SOLUTIONS:Governments explore options to maintain public housing as costs increase

Homebuyers, sellers give to build affordable housing

The Arizona Housing Fund, financed primarily from $25 contributions made by individuals buying or selling a home, has raised almost a half-million dollars to help build more affordable homes across the state.

More than 1,150 volunteer donors have stepped up to help people who can’t afford a home since the fund was launched in August 2019. The fund is currently working on helping finance its first projects.

SEE IT ALL: https://www.azcentral.com/story/money/real-estate/catherine-reagor/2021/01/31/500-affordable-rentals-under-construction-phoenix-scottsdale/4284483001/

FROM ME:  Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office  / Retail  / Industrial  / Multi-family /  please call me on my cell 520-975-5207 or e-mail me     walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net,  CCIM,  CREXi, Catylist, and various other web sites.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international.  Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

 

In Business and in Life you don’t get what you deserve, you get what you Negotiate.

LOOKING FOR SELLERS AND BUYERS Land – Industrial – Retail – Office – Multifamily

contact me if you want the me to get you the value of your property.

 

Click here to find out what is a   CCIM:  https://en.wikipedia.org/wiki/CCIM

CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS. 

https://www.crexi.com/properties?searchBrokerId=17513

PRESS RELEASE: Gold Canyon resort sells for $29.4M. Walter Unger CCIM from West USA Commercial Division Brokered the Transaction.

http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

 

What is a CCIM.

 

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

 

History of Arizona from  900 BC – 2017 -Timeline.

 

History of Arizona from  900 BC – 2017 -Timeline.

 

WHY PHOENIX? AMAZING!!!  POPULATION – IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX – “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

 

History of Arizona from  900 BC – 2017 -Timeline.

 

WHY PHOENIX? AMAZING!!!  POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

 

CLICK HERE TO VIEW MY WEBSITE

  • DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

Timeline of Phoenix, Arizona history

Phoenix, Arizona

Facts of Arizona – year 1848 to 2013

CLICK HERE:  Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.

 

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

 

FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME

CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS. 

https://www.crexi.com/properties?searchBrokerId=17513

 

 

Also Call me if you need an estimated value of your Property.

Call me if you want to see a map with what is in the Construction Pipeline for Apartments.

Prefer cell: 520-975-5207,   or email me walterunger@ccim.net.       CLICK HERE TO VIEW ALL MY LISTINGS.    

 

Check out my professional profile and connect with me on LinkedIn.

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  Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  If you have any questions about Commercial / Investment Properties in Phoenix or Commercial /  Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us. 

Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207

www.Walter-Unger.com

 

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me.

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The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

LOOKING FOR SELLERS AND BUYERS Land -Industrial – Retail – Multifamily