The Home Matters Arizona Fund, a funding resource formed by healthcare leaders across the state and Home Matters to Arizona to increase attainable housing, has announced new funding.
Projects in Phoenix, Flagstaff, Tempe, and Tucson will receive a total of $2 million.
Since 2020, the Home Matters Arizona Fund has provided $10.3 million through 24 grants, including this most recent announcement.
The Fund addresses Arizona’s rising affordability crisis while paying attention to the role of social determinants of health and housing as a quality-of-life issue, according to a press release. Housing built by these grants will serve Arizona Health Care Cost Containment System (AHCCCS)-eligible individuals and families.
In Phoenix, Family Housing Community Development Corporation has received a $500,000 grant for the 192-unit Residences at Falcon Park project. With a total cost of $44.99 million, the project is located at 1220 N. 34th Ave., and is estimated to be completed on Jan. 31, 2025.