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Business
NexMetro launches ‘rent round up’ program
Posted
NexMetro Communities is the pioneer participant in the Arizona Housing Fund’s community contribution program.
The program is a collaborative effort between the Arizona Multihousing Association and the fund to support the development of affordable housing and support services for the thousands of Arizonans facing housing insecurity, according to a release.
NexMetro, a developer of single-family rental neighborhoods, has 17 communities in lease-up or construction in the greater Phoenix market alone, the release states.
The Arizona Housing Fund Resident Round Up program kicked off May 1 at Avilla Enclave, NexMetro’s 96-home luxury single family rental neighborhood in Mesa. NexMetro plans to expand the program to all Valley Avilla Homes neighborhoods within the next month.
The program allows residents in NexMetro’s Avilla leased home neighborhoods to round up their monthly rent payment to the nearest dollar or donate a specific amount within their online payment portal. NexMetro Communities will also donate $5 for each rental application received throughout its network of Avilla Homes neighborhoods across the Valley.
According to the fund, every dollar donated will support established and successful nonprofits dedicated to building more affordable housing options for the state’s most vulnerable populations, including seniors, veterans and those suffering from mental illness.
“This Arizona Multifamily Association pilot program with NexMetro is an exciting step to develop a sustainable source of funding for additional housing to help thousands of Arizonans in need of shelter,” Arizona Housing Fund Founder Howard Epstein said in the release. “With more than 500,000 multifamily units in the state of Arizona, this program has the potential to raise millions of dollars annually to support the addition of much-needed affordable housing in the state.”
To learn more about the fund, or to make individual contributions, go to arizonahousingfund.org.
