Glendale is among the Valley cities set to receive financial support for new affordable housing.
The Home Matters Arizona Fund, an innovative funding resource, formed by Arizona health care leaders and Home Matters to Arizona to increase attainable housing in the state and ultimately improve health care outcomes, is announcing a new round of funding.
Projects in Glendale, Phoenix and Flagstaff will receive $1.5 million.
Over two years, the Home Matters Arizona Fund is planning $100 million to finance attainable Arizona housing projects. The fund addresses the state’s rising affordability crisis while paying much-needed attention to the role of housing justice for underrepresented families and communities.
“The Home Matters Arizona Fund is thrilled to fund these projects which will advance housing options for families, individuals experiencing homelessness, seniors and those who are medically vulnerable,” James Stringham, vice president and CEO of Banner Health Plan and outgoing Home Matters Arizona Fund Chair, shared in a statement. “Arizona’s healthcare leaders understand that housing is good health care and that it saves lives and the state money.”
Recent award recipients: Mercy Housing Mountain Plains for the 144-unit Glendale Senior Apartments, Gorman & Company for the 66-unit Rehoboth Place II in Phoenix, and Flagstaff Shelter Services for the 58-unit Crown Motel in Flagstaff.
The next round of funding is now open for applicants. The Home Matters Arizona Fund has also secured $2.25 million in State Fiscal Recovery Funds from the Arizona Department of Housing to house victims of domestic violence, homeless individuals and transitional individuals and families.
The Home Matters Arizona Fund is born from a collaboration of the Arizona Association of Health Plans, whose member companies contract with the State’s Medicaid program to serve the health care needs of Arizona’s most vulnerable citizens. Founding Home Matters Arizona Fund participants include Arizona Complete Health, Banner–University Health Plan, Care1st Health Plan Arizona, Health Choice Arizona, Magellan Complete Care of Arizona, Mercy Care, The NARBHA Institute and UnitedHealthcare.
Home Matters Arizona Fund will invest in projects that serve individuals and families with low to moderate income, veterans, seniors, people who are homeless, people with disabilities, individuals involved with the justice system and those eligible for Arizona Health Care Cost Containment System (AHCCCS) support.
Applicants can apply for either (but not both) funding sources now until Friday, Aug. 19.