The Comite de Bien Estar hopes to encourage financing of a 100 unit planned complex in San Luis.
“This is one of the first steps in a long process for the project, but it is very good news, because the program is very competitive,” Tony Reyes the executive director of the organization said. “Thirty or 40 agencies apply each year for those tax credits, and only about 15 are approved.
The Valley View complex is one of 13 low-income housing projects for which the Arizona Department of Housing has set aside a total of nearly $20.6 million in federal tax credits for 2020.
In March, the San Luis City Council rezoned 14.4 acres of land from rural to residential use to allow for construction of the apartments, followed by construction of condominiums that would also be managed by Comite. The site is west of 4th Avenue and about a quarter-mile north of Union Street.
According to plans, the Valley View complex will consist of 13 buildings housing two-, three- and four-bedroom apartments, plus an administrative office, storage area, laundry room and a 3,000-square-foot multi-use center for residents. There will also be an outdoor recreation area that will include children’s playground equipment.