US EditionDominium Acquires Land for 304-Unit Affordable Housing Development in Surprise, Arizona
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Dominium Acquires Land for 304-Unit Affordable Housing Development in Surprise, Arizona
SURPRISE, ARIZ. — Dominium has closed on land in Surprise, a Phoenix suburb about 22 miles northwest of downtown. The developer is planning to build Allasso Ranch on the site. The project will comprise 304 affordable homes supported by low-income housing tax credits. While specific area-median-income caps were not disclosed, the developer says a three-bedroom unit will rent for $1,597 per month, and a four-bedroom will rent for $1,770. According…
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