Res 2633 Approving Financial Support for Housing Authority of Maricopa County Affordable Housing Redevelopment Project 02 24 26

RESOLUTION NO. 2633 
 
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE CITY OF TOLLESON, 
ARIZONA, APPROVING FINANCIAL SUPPORT FOR THE REDEVELOPMENT OF TWO 
CURRENT PUBLIC HOUSING PROPERTIES WITHIN THE CITY OF TOLLESON; 
APPROVING A LOAN IN THE AMOUNT OF $500,000 AT AN INTEREST RATE 
BETWEEN 2% AND 3%; APPROVING DEVELOPMENT-RELATED FEE WAIVERS IN 
AN AMOUNT OF AT LEAST $100,000; AUTHORIZING THE CITY MANAGER TO 
EXECUTE AN INTERGOVERNMENTAL AGREEMENT AND RELATED DOCUMENTS; 
AND DECLARING AN EMERGENCY. 
 
WHEREAS, the Housing Authority of Maricopa County, its affiliates or assigns (“HAMC”), 
intends to apply to the Arizona Department of Housing for 9% Low Income Housing Tax Credits 
(“LIHTC”) for the redevelopment of two current public housing properties located within the City 
of Tolleson (the “Development”); and 
 
WHEREAS, the LIHTC, if awarded, will be used to generate funding for the Development, 
which is anticipated to consist of approximately 90–100 residential units affordable to 
households earning at or below 60% of Area Median Income for a minimum period required 
under federal law; and 
 
WHEREAS, applications for LIHTC are competitively scored and points are awarded for a 
local government’s commitment to financial assistance and fee waivers; and 
 
WHEREAS, the Development is consistent with the City’s General Plan and revitalization 
objectives by expanding the supply of quality affordable housing, reinvesting in aging housing 
stock, and improving quality of life for residents; and 
 
WHEREAS, the immediate operation of the provisions of this Resolution are necessary 
for the preservation of the public peace, health, safety and welfare of the citizens in that 
savings of time and expense are currently available to both the City and the Development, 
and 
 
WHEREAS, the Mayor and City Council have been informed of the Development and 
desire to provide financial assistance to support the Development. 
 
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF 
TOLLESON, ARIZONA, as follows: 
 
Section 1. The recitals above are hereby incorporated as if fully set forth herein. 
 
Section 2. The Mayor and Council hereby approve a loan to HAMC, its affiliates or assigns, 
in an amount not to exceed $500,000, at an interest rate between 2% and 3%, to support the 
Development.

CITY OF TOLLESON RESOLUTION NO. 2633 
FEBRUARY 24, 2026 
PAGE 2 
 
 
 
 
Section 3. The Mayor and Council hereby approve development-related fee waivers for 
the Development in an amount of at least $100,000, consistent with City policy. 
 
Section 4. The City Manager and/or his designee are hereby authorized and directed to: 
 
a. 
Expend up to $500,000 from an appropriate City fund as determined by 
the City Manager in support of the Development; 
b. 
Execute and deliver an Intergovernmental Agreement and any related loan 
documents necessary to implement the financial assistance approved 
herein; and 
c. 
Take all actions necessary to carry out the purpose and intent of this 
Resolution. 
 
Section 5. 
The immediate operation of the provisions of this Resolution are 
necessary for the preservation of the public peace, health, safety and welfare of the citizens 
in that savings of time and expense are currently available to both the City and the 
Development, and that the Council therefore declares an emergency to exist, and that this 
Resolution shall be in full force and effect from and after its passage by the Council, as 
required by law. 
PASSED AND ADOPTED by the Mayor and Council of the City of Tolleson, Arizona, on this 
24th day of February, 2026. 
 
 
____________________________________ 
Juan F. Rodriguez, Mayor 
 
 
                                                   ATTEST: ____________________________________ 
 
Crystal Zamora, City Clerk 
 
 
       APPROVED AS TO FORM: ____________________________________ 
Justin Pierce, City Attorney