Groundbreaking for El Rancho Apartments in Mesa
By: Kevin Christopher
08/11/14 5:44 PM
Aug. 12, 2014 – A groundbreaking ceremony was held this morning for El Rancho Apartments, 719 E. Main St., on the site of a blighted motel that will become a four story apartment community with 66 units to house families with children. The El Rancho development is a collaboration led by Community Development Partners (CDP) with the City of Mesa, Arizona Department of Housing, non-profit partner Integrity Housing, and supportive service provider A New Leaf, with the goal of providing life-enhancing safe, quality affordable housing.
The El Rancho project pooled input from local groups including A New Leaf, Neighborhood Economic Development Corporation (NEDCO) and Cultural Coalition as well as the Mesa Arts Center and local artists to design a product that will engage the community with enriching programs and public art pieces. The City of Mesa has invested heavily in the pursuit of creating a local culture conducive to supporting the arts which this project fully supports. In addition to the public art spaces, there is also a large communal gallery, a flexible studio space for children's service programming, a media room, computer lab, an outdoor eating area, a community garden (in cooperation with Mesa Urban Garden) and a pool.
Financing for the project comes from the sale of Low Income Housing Tax Credits, which the project was awarded in 2013. A construction loan from Chase Bank will finance the project through lease-up. Arizona Department of Housing provided gap financing and the City of Mesa provided both a grant and loan through Housing Opportunities Made Equal (HOME) funds, without which the project would not be feasible.
For more information please contact Tim Winger, Community Development Partners Media Relations at (310) 801-2404 or email@example.com.
This article is in the following channels (click a channel to view all articles in it):