Lincoln Avenue Communities (LAC) has started work on 300 affordable built-to-rent (BTR) units for individuals and families in Pinal County earning less than 60% of the Area Median Income.
The property will include 2, 3, and 4-bedroom layouts, with all units expected to be completed in late 2025. LAC and its partner Fairview Housing Partners will provide resident services at the property, helping families connect with local organizations and access supportive resources in their community.
Cottonwood Ranch will offer amenities including a fitness center, pool, yoga studio, clubhouse and dog park. The property will also include a rooftop and carport solar system that will offset 70% of the community’s electricity usage.
The project was financed through a half-dozen entities, including tax credits, revenue bonds, a tax-exempt loan from Freddie Mac and construction financing from Bank of America.
LAC has a presence in 28 states and a portfolio of 150 properties comprising 27,000+ units.
The post Casa Grande Site for 300 Affordable BTR Homes appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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