A new property designed to accommodate low-income adults who are either disabled or older than 54 opened in downtown Phoenix’s Roosevelt neighborhood Wednesday.
The Lofts at McKinley, on the northeastern corner of Fifth Avenue and McKinley Street, requires that its residents’ income is between $18,680 and $28,020 per year.
Phoenix officials say the developers built the 60-unit complex on the site of a vacant two-story office building that had become obsolete.
“The Lofts at McKinley really answer many of the City Council’s priorities for sustainability, affordability, accessibility and great design,” Phoenix housing director Kim Dorney said through a spokeswoman. “We are happy to be part of this new development.”
The construction cost $14.1 million, according to the city.
Gorman & Co., a Wisconsin company, received a $3 million loan from the Phoenix Housing Department for the project. Funding for that loan comes from the U.S. Department of Housing and Urban Development through an entitlement grant for affordable housing.
“This is a quadruple win for our city — we are providing seniors with accessible housing right in the heart of downtown and making it sustainable for generations to come,” Mayor Greg Stanton said in a statement. “We’re also doing good business with our partners in the private sector to create an economically viable solution that improves our community. These are great results all packaged into one development, and I like what I’m seeing.”
Gorman specializes in downtown revitalization, adaptive reuse of historical buildings and affordable housing.
The company also has projects in Tempe and Glendale aimed at renters with physical disabilities or limited income. The apartments offer such features as keyless entry, higher toilets and wider doorways to allow greater maneuverability.
Amina Donna Kruck, director of advocacy for Arizona Bridge to Independent Living, a non-profit that helps people with disabilities, told The Republic in June 2011 that affordable housing for those with physical disabilities is in demand.
The group in 2010 retrofitted 243 homes in Maricopa County, she said.