UMOM Details Plans for Affordable Housing Project in Sunnyslope
By Liviu Oltean, Associate Editor
A new affordable housing project is coming to the Sunnyslope neighborhood of Phoenix through the efforts of UMOM New Day Centers and the financial support of the Arizona Department of Housing (ADOH) and The Bob & Renee Parsons Foundation. On June 6, ADOH granted UMOM $9.4 million in financing for the project, followed by The Bob & Renee Parsons Foundation with a $3 million donation.
The financing will allow UMOM to break ground in early 2015 and complete the project by the fall. In addition, the $12.4 million will also finance a 5,500 square foot community service center, which will provide job search assistance, GED tutoring and wellness programs.
“The financing from the Arizona Department of Housing and funding from The Bob and Renee Parsons Foundation will allow UMOM to continue toward our goal of providing every family in need with an affordable place to live,” said UMOM CEO Darlene Newsom. “The additional housing units will go a long way to support the ever growing need for affordable housing in our community.”
In 2011, UMOM purchased North Mountain Lodge Motel in the Sunnyslope area. The dilapidated motel will be demolished to make way for UMOM’s affordable housing project, which will offer one-, two- and three bedroom units. At least 34 will be designated for chronically homeless individuals and families, with preference given to veterans.
“The idea of standing idle while a wait list for affordable housing grows is simply not an option,” said Bob Parsons, founder of Scottsdale-based GoDaddy. “There are families in this community who need a leg-up and a second chance at becoming first-class citizens. Renee and I have every intention to help make a long-term difference in the fight to end homelessness in the greater Phoenix area, and we believe that UMOM’s new housing community is a great next step.”Tags: affordable housing, Arizona Department of Housing, Consumer, Developers, Development, Features, Finance/Investment, Financiers, Geography, Investors, Local, multi-family, National, Phoenix Lead Story, Phoenix Real Estate, Professional, Regional, Residential, The Bob & Renee Parsons Foundation, Umom