Developer buys land for 3 new Arizona affordable housing projects

Dominium, a national affordable housing developer, recently purchased land for three new projects in Arizona, including two in the West Valley.
The developer, which has projects in 19 states, will use the land to build two communities in Surprise and one in Maricopa.
The projects will provide 800 new rental units for residents who earn 60% or less of the median income level.
Dominium will use the Low-Income Housing Tax Credit program to support construction. The federal program provides tax credits for developments that tie rent levels to the Area Median Income.
“Dominium will never stop fighting to solve Arizona’s ongoing housing crisis that is resulting in rents that are out of reach for our essential workforce and seniors on fixed incomes,” Owen Metz, a company executive, said in a press release Tuesday. “The only way to solve the issue is to build new housing for all incomes.”
Source: https://ktar.com/arizona-news/affordable-housing-dominium-arizona/5646942/