A $100 million fund to address workforce housing needs at scale

The Home Matters Arizona Fund

A new, ultimately $100 million fund (debt and grants) leveraging government, philanthropy and national private investment.
By aligning the pooled grant fund with other public and private dollars and providing access to low interest debt, the Home Matters Arizona Fund intends to address housing needs at scale, adding critical housing units to a system that has left far too many unsheltered, while broadening the mindset of housing developers beyond the four walls of a home.

Projects Funded

The Home Matters Arizona Fund is investing in projects that serve individuals and families with low-to-moderate income, veterans, seniors, people who are homeless, people with disabilities, individuals involved in the justice system and those eligible for Arizona Health Care Cost Containment System (AHCCS) support.

The Fund is prioritizing projects statewide that are located near healthy food retailers, employment centers, active transportation facilities and public transit, schools, childcare, senior centers, medical facilities, public libraries, parks, community centers and places of worship.

Cloudbreak Phoenix, LLC - Victory Place

Phoenix, Arizona
Total Development Cost: $500,000
273 Units
Grant Amount: $500,000
Family Promise of Greater Phoenix - Family Promise Village

Glendale, Arizona
Total Development Cost: $3.2 million
6 Units
Grant Amount: $390,000
WESCAP Investments, Inc. - View Point II Senior Community

Prescott Valley, Arizona
Total Development Cost: $27.98 million
72 Units
Grant Amount: $500,000
Native American Connections - HomeBase Surprise

Surprise, Arizona
Total Development Cost: $8.33 million
40 Units
Grant Amount: $500,000
HS Development Partners - The Villas on Lake Mary

Flagstaff, Arizona
Total Development Cost: $29.55 million
76 Units
Grant Amount: $354,150
Horizon Health and Wellness - Morrison Rehabilitation

Casa Grande, Arizona
Total Development Cost: $287,500
6 Units
Grant Amount: $287,500
Housing Solutions of Northern Arizona, Inc. - Verde Valley Traditional Housing

Cottonwood, Arizona
Total Development Cost: $9.22 million
32 Units
Grant Amount: $360,000
Red Feather Development Group - Healthy Homes for Arizona's Native Families

Flagstaff, Arizona
Total Development Cost: 358,000
3 Units
Grant: $358,350
Society of St. Vincent De Paul Phoenix

Phoenix, Arizona
Total Development Cost: $17.93 million
100 Beds
Grant Amount: $500,000
Walling Affordable Communities - Casa Del Sol II

Mesa, Arizona
Total Development Cost: 17.290 million
64 Units
Grant Amount: $500,000
Gorman & Company - Rehoboth Place II

Glendale, Arizona
Total Development Cost: $18.57 million
66 Units
Grant Amount: $500,000
Mercy Housing Mountain Plains - Glendale Senior Apartments

Glendale, Arizona
Total Development Cost: $55.83 million
144 Units
Grant Amount: $500,000
Flagstaff Shelter Services - Crown Motel

Flagstaff, Arizona
Total Development Cost: $6.44 million
58 Units
Grant Amount: $500,000
Native American Connections - The Moreland

Phoenix, Arizona
Total Development Cost: $51.6 million
217 Units
Grant Amount: $500,000
La Frontera Partners, Inc. - Center of Hope Apartments

Tucson, Arizona
Total Development Cost: $12.6 million
100 Units
Grant Amount: $500,000
Catholic Charities Community Services - Mesquite Terrace

Phoenix, Arizona
Total Development Cost: $62.2 million
297 Units
Grant Amount: $250,000
Trellis - Trellis @ Mission

Phoenix, Arizona
Total Development Cost: $10.7 million
43 Units
Grant Amount: $400,000
Northern Arizona Housing Solutions - Sharon Manor

Flagstaff, Arizona
Total Development Cost: $1.5 million
13 Units
Grant Amount: $300,000
Housing Solutions of Northern Arizona - JoJo's Place

Flagstaff, Arizona
Total Development Cost: $5.85 million
44 Units
Grant Amount: $351,000
Comite De Bien Estar - CDB Valley View Apartments

San Luis, Arizona
Total Development Cost: $23.5 million
100 Units
Grant Amount: $250,000
Solterra Senior Living - Bridgewater White Mountains

Lakeside, Arizona
Total Development Cost: $34.5 million
160 Units
Grant Amount: $250,000

Fund Criteria - Workforce Housing

The Home Matters Arizona Fund seeks projects that align with the values established by the Home Matters national movement. The Home Matters Arizona Fund will prioritize and fund promising projects positioned to demonstrate measurable and positive outcomes focused on specific populations, geographic areas and the community at-large. Sample criteria for eligible Home Matters to Arizona projects include: