More discounted housing offered
The Village at University Heights (Flagstaff, AZ) will have 10 two-bedroom condos priced as low as $149,000 for residents earning no more than $73,750 a year.
By J. FERGUSON
Arizona Sun Staff Reporter
Monday, October 06, 2008
Another local Flagstaff developer has answered the call from the community for more affordable housing options.
John Crowley has recently lowered the price of nearly 5 percent of his condo conversion units at The Village at University Heights by $30,000 apiece to help locals buy their first home. Crowley has created 10 permanently affordable units in the former apartment complex for Flagstaff residents earning between 80 and 125 percent of the area median income, which is currently about $58,000 for a family of four.
That means households earning between roughly $46,400 and $73,750 would qualify for Crowley’s condos.
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