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03/10/07
Funds to help build affordable homes
Filed under: General, Real Estate
Posted by: Lillian Wong @ 10:56 am

The Foundation for Senior Living is getting a $2.4 million boost to help it build hundreds of new homes for families and seniors in Phoenix and across the state. Plans call for four housing projects with new, affordable houses and apartments, plus amenities like community centers, recreation areas or a day care facility. Residents at two of the locations will also have easy access to social services like counseling and food assistance. The non-profit agency will use the $2.4 million to offset land costs for the projects, which will be built over the next several years. The combined cost for the four projects is $30 million. The grants are an important piece of the pie, said FSL President and Chief Executive Officer Guy Mikkelsen.   More…

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