Palindrome Properties Group has secured tax-exempt bond financing for construction of The Residences at Dorsey Station, a 162-unit affordable housing project in Tempe on a former retail site owned by the city. The development is the first of five buildings in a 400-unit master-planned community, with 90% of units income-restricted for residents earning 30 to 80% of area median income. Demolition of the existing shopping center begins soon, with construction to start by 2027.
Read more: https://www.multihousingnews.com/palindrome-lands-financing-for-phoenix-affordable-project/
