Tag: Arizona Department of Housing (ADOH)

Arizona sets record for affordable housing tax credit award dollars

by Community Contributor • June 2, 2022 • Comments Off

The Arizona Department of Housing (ADOH) this week announced it has awarded $30.1 million in federal 9% Low-Income Housing Tax Credits (LIHTC) to 16 affordable housing projects, including 7 in rural communities. The all-time record amount comes after a reengineered process of awarding tax credits and implementation of the new State Tax Credit program.

“This new process reduced the burdensome regulatory framework for allocating these highly-coveted tax credits and has led to increased developer interest in building affordable housing in Arizona,” said ADOH Director Tom Simplot. “The State Tax Credit program is fulfilling its goal to stimulate the construction of new affordable housing in our state.”

Arizona Department of Housing (ADOH) announced $40 million for transitional housing in rural Arizona

by Community Contributor • February 15, 2022 • Comments Off

The Arizona Department of Housing (ADOH) (on Feb. 14) announced $40 million to provide up to 500 transitional homes for Arizonans in rural communities who are experiencing homelessness.

“Today’s targeted, one-time investment will help Arizonans who’ve fallen on hard times get back on their feet,” said Governor Ducey. “Additional transitional housing in rural communities will help struggling families and individuals get access to safe housing in their own community as they transition to a permanent, reliable home. My thanks go to the team at the Department of Housing and Director Tom Simplot for their work to support fellow Arizonans and ensure they have access to resources that put them on the path to success.

Bilingual report — Arizona Department of Housing (ADOH) launches homeowner assistance fund awareness campaign

by Community Contributor • February 4, 2022 • Comments Off

The Arizona Department of Housing (ADOH) (on Jan. 31) launched an advertising campaign to spread the word that financial help is available to struggling Arizona homeowners through the state’s Homeowner Assistance Fund (HAF). The print, radio, digital, and social media ads, in English and Spanish, will concentrate in rural Arizona and encourage homeowners facing foreclosure to apply for assistance.

“The HAF is open to eligible homeowners statewide and the word has spread in many urban areas about the program,” ADOH Director Tom Simplot said. “This ad campaign aims to reach those rural communities where there may be low-income homeowners in need and there are limited other resources available to keep them in their homes.”