Housing Projets


The availability of quality, safe and affordable has always been a community development issue in Phoenix.  LISC Phoenix is focusing its efforts on creating and preserving affordable housing along the light rail corridor.  We are striving to be pro-active in addressing this need along the corridor before the opportunities to provide affordable housing disappear.


Funded Projects:

Encore on 1st

Developer: Todd Marshall, Charles Huellmantel & Pacificap Inc
Location: 25 West First Avenue
City: Mesa
Project: Affordable Housing
Units: 81
LISC Investment: $375,000
Awards: LISC 2013 Outstanding Project, Real Estate and Development best multi-family project less than 250k sf

Ocotillo Apartments

Developer: Palmcroft
Location: 17th Ave and Missouri
City: Phoenix
Project: Mixed income redevelopment of existing apartment complex
Housing Units: 173, 118 affordable
LISC Investment: $2,000,000

Union at Roosevelt

Developer: Metrowest Development
Location: SWC of 1st Ave and Roosevelt
City: Phoenix
Project: TOD market rate housing development with 1st floor retail and restaurant space
Housing Units: 80 unit, 9,200 sq ft of commercial space
LISC Investment: $1,180,000

El Rancho

Developer: Community Development Partners
Location: Main Street and Horne
City: Mesa
Project: LIHTC
Housing Units: 66
LISC Investment: $600,000

Residences on Farmer

Developer: Todd Marshall, Charles Huellmantel & Pacificap Inc
Location: Farmer and 7th Street
City: Tempe
Project: Mixed income
Housing Units: 31
LISC Investment: $320,000