New Affordable Community in ‘Canyon Corridor’ a Blueprint for Faith Communities to Solve Critical Housing Shortages
Gorman & Company, in partnership with the Rehoboth Community Development Corporation (Rehoboth CDC), is pleased to announce the completion of Rehoboth Place II, a high-quality 66-unit affordable community located at 2650 W. Hazelwood St. Phoenix, Arizona.
“Rehoboth Place II is truly a labor of love for Rehoboth CDC,” Gwen Relf, CEO of Rehoboth CDC, said. "The decision to partner with the Rehoboth Saints Center to acquire the land for the project and Gorman & Company to develop much-needed affordable housing is a blueprint for how faith communities can bring solutions to the current affordable housing crisis.”
Rehoboth Place II serves families earning between 30-60% Area Median Income (AMI). The project includes one, two, and three-bedroom units. The initial phase of the project was completed in 2011. Residents from both phases have shared amenities, including a serenity walking path, playground for multiple ages, sports court, covered ramada and picnic area, barbeques, and a very popular community garden.
“As a faith-based organization, Rehoboth CDC is committed to ensuring that all people have their basic needs met, including quality affordable housing that preserves their dignity," Relf said.
“Rehoboth Place II offers 66 units of quality, modern, affordable housing options for families living in the heart of the Canyon Corridor neighborhood at 27th Avenue and Hazelwood. The project complements the original 47-unit Rehoboth Place Apartments that was built 13 years ago and has inviting amenities that include a splash pad, sports court, community garden, and lots of open space. The combined projects not only bring superior housing to the community but also a wide array of resident services that are administered by Rehoboth CDC,” Sally Schwenn, Gorman & Company's Arizona Market President, said.
“Berkadia is thrilled to have partnered with the innovative team at Gorman & Company to provide financing for Rehoboth Place II,” Brian Blanchard, Senior Director of Berkadia, said. "We’re honored to stand alongside the team at Gorman & Company, the residents, and the community to celebrate the grand opening.”
Rehoboth Place II was financed and supported by the following partners: Rehoboth CDC, Arizona Department of Housing (ADOH), Home Matters to Arizona, City of Phoenix, Berkadia, Chase, and Flagstar Bank.
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