02 24 26 HAMC Public Housing Redevelopment Presentation
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Baden Homes & Hollar Apartments Redevelopment Presented to: Tolleson City Council on February 24, 2026 9201-9203 W. Roosevelt, 9202-9204 W. Baden St. and 1003 N. 93rd Ave. in Tolleson, AZ Developer Housing Authority of Maricopa County Public Housing Agency (PHA) serving Maricopa County HUD Designation: High Performer PHA Housing Options: Housing Choice Vouchers and Multi-family Housing Development and Management Voucher Programs: Administers over 1,800 Vouchers throughout Maricopa County Multi-Family Housing Stock (Managed): 869 units Development Success: Since 2016, HAMC has developed 801 LIHTC units through LIHTC and co-partnerships Current Pre-Development: 120-unit property in Avondale, AZ is being improved Housing Authority of Maricopa County’s Development accomplishments featured in the Affordable Housing News Fall 2023 issue (page 34-35) Affordable Housing News, Fall 2023 issue Development Portfolio The River at Eastline Village in Tempe, AZ (56 units) Heritage at Surprise in Surprise, AZ (100 units) Madison Heights I and II in Avondale, AZ (143 units) Norton Circle Redevelopment Before: • 46 units, dilapidated units on 5.7 acres, with no on-site leasing office or space for community events After: • 100 units, energy efficient property with Community building & playground • The total project cost is approx. $34 million. • 100% Lease up in 3 months Heritage Senior Apartments 99-unit, senior-only property developed in the Original Town Site area of Surprise, AZ Received the largest HUD Section 202 funding award ($9.1 million) from HUD in 2021 Received a 9% Low Income Housing Tax Credit (LIHTC) Award from ADOH in 2022 Located adjacent to the City’s new (under construction) Senior and Community Center Proposed Development Baden and Hollar Apartments Baden (20 units) and Hollar (25 units) are two former Public Housing properties in Tolleson Complete demolition and new construction of approx. 100 high-quality affordable housing units Will be affordable to families earning up to 60% of AMI; 1-, 2- and 3- bedroom units with in-unit amenities like ceiling fans, washer and dryer, etc. Supportive services will be offered to the residents on site will be financed primarily with Low Income Housing Tax Credit (LIHTC) Baden and Hollar Design Concept Approx. 100 units Separate clubhouse with amenities Play area and tot lot Two- and three-story buildings Project Timeline Date Project Milestones February 2026 Commitment of funds by City Council 1 April 1, 2026 Application to ADOH for 9% LIHTC 2 June 2, 2026 LIHTC Awards announcement 3 August 2026 Solicitation and selection of LIHTC Investor 4 August 2026 – February 2027 Due Diligence and Permitting process 5 March 2027 Project Closing and start of construction 6 September 2027 Construction Completion 8 December 2027 Stabilized Occupancy 9 Request from the City 9% LIHTC is competitive and therefore, the project needs to score as high as possible in the scoring criteria administered by ADOH Per the scoring criteria: Local government contribution of at least $500,000 at below market rate gets additional points Development Fee waivers of at least $100,000 receive additional points Thank you! Baden Homes & Hollar Apartments Redevelopment Presented to: Tolleson City Council on February 24, 2026 9201-9203 W. Roosevelt, 9202-9204 W. Baden St. and 1003 N. 93rd Ave. in Tolleson, AZ