Gov. Napolitano & the Az Dept of Housing (ADOH) announced funding awards totaling $5,034,849 from the State Housing Trust Fund for the construction & rehabilitation of affordable homes, rental units, emergency shelters & other worthy projects.

“The flexibility of the State Housing Trust Fund makes it possible for us to implement new, innovative ideas that address the varied housing challenges we face in Arizona,” said Gov. Napolitano. “Without it, critical housing for those Arizonans most in need would not get built.”

Award recipients include:

Against Abuse, Inc. - Loan commitment of $749,849 for the agency’s La Casita Grande de Paz project in Casa Grande, which includes the construction of a 20-bed emergency shelter for children 18 & under who have been removed from the home due to domestic violence.
Crossroads, Inc. - Loan commitment of $750,000 to acquire & rehabilitate a facility to provide 60 emergency beds for women in substance abuse recovery, located in Phoenix.
El Destino Limited Partnership - Loan commitment of $500,000 for El Destino at Rio Rico, a 61-unit rental property under development in Rio Rico, which will set aside 57 units for populations at or below 50% of area median income (AMI).
Newtown Community Development Corporation - Loan commitment of $128,000 to assist with the acquisition & rehabilitation of four single-family homes for first-time homebuyers in Tempe.

Funded entirely by the proceeds from the sale of unclaimed property, the Housing Trust Fund develops projects & programs to provide housing opportunities for low- & moderate-income households. It's a vital financing source for meeting critical housing needs that are not fundable with federal housing dollars received by the state.

“In her State of the State address, Gov. Napolitano cited homes within reach for working families as an important part of her vision for ‘One Arizona,’” said ADOH Director Dr. Sheila D. Harris. “These funding awards go far to providing the kind of safe, affordable homes the Governor was talking about.”

Please go to housingaz.com to see the complete listing of the recent award recipients.