Save the Family is a Mesa-based nonprofit that serves the entire Valley. As advocates for homeless, veterans and low-income families they strive to preserve the familial unit through a wide variety of services and life skills and job skills training.
At the first-of-its kind affordable housing project in Tempe for veterans and their families, Save the Family will provide a full range of services from free before- and after-school care and a computer lab with training classes to financial literacy lessons and job training and placement.
The Valor on Eighth project is a collaborative effort with the City of Tempe and co-developers Gorman & Company and Save the Family's Affordable Rental Movement (ARM). It will be eligible for $10 million in federal low income housing tax credits over ten years. The facility will be located on city-owned land at Rural Road and Eighth Street just south of University Drive.
The 50-unit rental community will include five market-rate, live-work units on the ground floor and 45 units primarily meant for veterans and veterans with children. Construction could begin as early as mid-2016 and is expected to be completed in approximately 12 months.
"We are thrilled to be a partner in this remarkably unique and much-needed project for veterans and their children," says Mesa-based Save the Family CEO Jacki Taylor. "Tempe has consistently been a leader in providing services for veterans and their families and Valor on Eighth is another means of repaying them for their service."
The idea for an affordable housing option for veterans was the brainchild of Vice Mayor Corey Woods and Councilmember Robin Arredondo-Savage, both of Tempe who have developed the concept for two years.
"The Valor on Eighth project will be a key part of our efforts to support veterans and their families. I am excited about the possibilities," states Arredondo-Savage, a U.S. Army veteran.
Woods said the project will fill a vital need in serving veterans and their families."This is a very unique project and it's indicative of how Tempe is always looking to lead the way when it comes to innovation," he explains.
Brian Swanton, Arizona market president with developer Gorman & Company, said the federal tax credits will be supplemented by $318,000 in federal housing funds that the City of Tempe will pass through to the project, as well as $750,000 in state housing trust funds and a conventional loan for the rest. The award of the federal tax credits this week represents 90 percent of the needed funding to move the project forward.
For more information about Save the Family, visit www.savethefamily.org or call (480) 898-0228.
About Save the Family: Save the Family Foundation of Arizona is a 501(c)(3) non-profit agency based in Mesa that has been serving the Greater Phoenix Metropolitan area for more than two decades. Save the Family and its partner agency, the Affordable Rental Movement of Save the Family, operate more than 204 transitional and low-income housing units for families in the valley. Homeless, veteran and low-income families are provided a place to live while gaining the skill set to become self-sufficient for a lifetime.