Here's some good news from AZ Big Media ( https://azbigmedia.com ) and some more good news about Phoenix from HUD
New to Market: 6 projects you need to know
Developer: Crescent Communities
General Contractor: Chasse Building Team
Architect: Davis Partnership (Denver, CO)
Brokerage: Mike Lieb
Location: 3rd Street and Earll Drive, Phoenix
Size: 335 Units
Value: TBD
Start: November 2018
Completion: November 2020
A stretch of 20 homes in the midtown area were recently demolished to make way for this upcoming multifamily community. The multifamily community is located near Park Central Mall and the light rail corridor that runs through midtown and uptown Phoenix. Developers have been aggressively pursuing the midtown area with this 3.6-acre site being one of the most recent multifamily project that’s underway.
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Secretary Carson announced that the following communities are selected to receive Choice Neighborhoods grants to implement their neighborhood transformation plans:
Read more about these communities’ transformation plans.
“Choice Neighborhoods Grants are significant investments to transform struggling neighborhoods and improve living conditions for thousands of families,” said Secretary Carson. “The public dollars we award today will generate major investment to revitalize entire neighborhoods and create more opportunities for those who live there.”
HUD’s Choice Neighborhoods Initiative leverages significant public and private dollars to support locally driven strategies that address struggling neighborhoods with distressed public or HUD-assisted
housing through a comprehensive approach to neighborhood transformation. Local leaders, residents, and stakeholders, such as public housing authorities, cities, schools, police, business owners, nonprofits, and private developers, come together to create and implement a plan that revitalizes distressed HUD housing and addresses the challenges in the surrounding neighborhood. The program helps communities transform neighborhoods by revitalizing severely distressed public and/or assisted housing and catalyzing critical improvements in the neighborhood, including vacant property, housing, businesses, services and schools.
Read more >> https://www.hud.gov/press/press_releases_media_advisories
New to Market: 6 projects you need to know
Crescent Midtown
Developer: Crescent Communities
General Contractor: Chasse Building Team
Architect: Davis Partnership (Denver, CO)
Brokerage: Mike Lieb
Location: 3rd Street and Earll Drive, Phoenix
Size: 335 Units
Value: TBD
Start: November 2018
Completion: November 2020
A stretch of 20 homes in the midtown area were recently demolished to make way for this upcoming multifamily community. The multifamily community is located near Park Central Mall and the light rail corridor that runs through midtown and uptown Phoenix. Developers have been aggressively pursuing the midtown area with this 3.6-acre site being one of the most recent multifamily project that’s underway.
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FOR RELEASE
Thursday July 19, 2018
|
HUD AWARDS $144 MILLION TO REVITALIZE FIVE NEIGHBORHOODS
Federal investments expected to generate more than $1 billion in neighborhood reinvestment
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced five communities across the country will receive a combined $144 million to redevelop severely distressed public or assisted housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative, these grants, and the more than $1 billion they will stimulate from other sources, will transform long-struggling neighborhoods and distressed HUD-assisted housing.Federal investments expected to generate more than $1 billion in neighborhood reinvestment
Secretary Carson announced that the following communities are selected to receive Choice Neighborhoods grants to implement their neighborhood transformation plans:
| | ||
Amount
| ||
| City of Baltimore, Maryland/Housing Authority of Baltimore City | Perkins, Somerset, and Oldtown Neighborhoods |
$30,000,000
|
| City of Flint, Michigan/Flint Housing Commission | South Flint |
$30,000,000
|
| City of Phoenix, Arizona | Edison-Eastlake Community | $30,000,000 |
| City of Shreveport, Louisiana/Housing Authority of the City of Shreveport | Allendale, Ledbetter Heights, and West Edge Neighborhoods |
$24,214,284
|
| City of Tulsa, Oklahoma/Housing Authority of the City of Tulsa | Eugene Field Neighborhood |
$30,000,000
|
Read more about these communities’ transformation plans.
“Choice Neighborhoods Grants are significant investments to transform struggling neighborhoods and improve living conditions for thousands of families,” said Secretary Carson. “The public dollars we award today will generate major investment to revitalize entire neighborhoods and create more opportunities for those who live there.”
HUD’s Choice Neighborhoods Initiative leverages significant public and private dollars to support locally driven strategies that address struggling neighborhoods with distressed public or HUD-assisted
housing through a comprehensive approach to neighborhood transformation. Local leaders, residents, and stakeholders, such as public housing authorities, cities, schools, police, business owners, nonprofits, and private developers, come together to create and implement a plan that revitalizes distressed HUD housing and addresses the challenges in the surrounding neighborhood. The program helps communities transform neighborhoods by revitalizing severely distressed public and/or assisted housing and catalyzing critical improvements in the neighborhood, including vacant property, housing, businesses, services and schools.
Read more >> https://www.hud.gov/press/press_releases_media_advisories
