TL/DR –
Greenlight Communities, a multifamily developer based in Scottsdale, is close to completing 4,000 “attainable” workforce rental units in Arizona. Since 2018, the company has invested over $800 million in this type of nonsubsidized housing, built for workers earning approximately $30,000 to $70,000 per year. The company has finished 10 communities so far, with six more nearing completion and three additional projects in the planning stages for rapidly growing cities like Peoria and Surprise.
Greenlight Communities Aims to Address Arizona’s Affordable Housing Shortage
Arizona-based developer Greenlight Communities is close to finishing 4,000 workforce housing units to address the state’s affordable housing dearth. Since 2018, the company has invested over $800 million in developing “attainable” workforce rental units.
These units cater to workers earning between $30,000 to $70,000 annually, including educators and retail workers, providing nonsubsidized housing options. So far, Greenlight Communities has completed 10 communities and is set to finish six more by next year’s outset.
They also have three additional projects planned for swiftly growing cities like Peoria and Surprise. Check out more details of this story from the Business Journal.
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