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02/24/07
Affordable housing in Cave Creek
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:02 am

Despite the northeast Valley’s rapidly rising price of land, Habitat for Humanity Desert Foothills is breaking ground Saturday on its second affordable-housing project in Cave Creek. With land at $500,000 an acre, the non-profit group is struggling to find sites to build more homes for the estimated 600 families living in what Habitat President Jack Gardner calls “rats and rain buckets” housing.
About the same number, he said, pay far more than the 25 percent of income recommended for housing. 
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