Nonprofit Trellis is developing 43 new homes in Sunnyslope to help low-income families buy a home, a key way to build stability for a family and savings through equity.
Residents of the community at Sixth Avenue and Mission Lane can accumu- late value by paying rent through an eq- uity/rental credit arrangement, so they can buy their homes later on. Rents are still being finalized for the townhomes.
Home Matters to Arizona, a new fund that aims to grow to $100 million to help build 200,000 affordable homes across the state, is helping to finance the Sun- nyslope project. The fund, launched with the help of health care firms in Ari- Zona, aims to reduce homelessness, ad- dress racial inequities in housing, lower medical costs for residents and advo- cate for affordable housing and renters’ rights.
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