HOUSING AUTHORITY OF MARICOPA COUNTY
In the past 10 years, as a developer, HAMC has added or rehabilitated 600 affordable units across its portfolio. The development of these units had a total development cost of over $120 million. HAMC is also the first Public Housing Authority (PHA) in the state of Arizona to have transitioned all its Public Housing units through Rental Assistance Demonstration (RAD) conversion. HAMC leveraged the existing capital reserves of the older Public Housing projects with financing from private lenders to modernize about 500 units during the RAD conversion. Through its development efforts, HAMC has been able to achieve:
Modernization of its housing stock.
Redevelopment of older housing units.
The creation of new affordable units.