Dominium Announces the Acquisition of Land for a New Affordable Housing Community in Casa Grande, Arizona

Townhomes on Earley will add nearly 300 affordable homes to the Phoenix metro area

Dominium, a leading national affordable housing owner, developer and manager, has announced the acquisition of land in Casa Grande, Arizona, with plans to construct Townhomes on Earley, a new affordable housing community featuring 278 homes.

Located at 1355 E Earley Rd, the townhome-style development will be constructed by Ironmark Building Company in collaboration with Dominium Construction and Architectural Services. Planned amenities include a clubhouse, fitness center, pool, playground and private backyards.

The development is made possible through the Section 42 Low-Income Housing Tax Credit Program (LIHTC). Nationwide, LIHTC is the largest source of support for the construction and maintenance of affordable housing communities. In exchange for tax credits, affordable housing developers and operators agree to maintain rents at levels tied to the Area Median Income (AMI). LIHTC-supported developments like this one positively impact local housing markets by increasing the supply of affordable homes.

Dominium would like to thank its development partners, including Barclays, KeyBank, Freddie Mac, Arizona Department of Housing, Arizona Industrial Development Authority, Winthrop & Weinstine, Todd & Associates, Hunter Engineering, Commercial Partners Title, Kutak Rock, U.S. Bank and Colliers Securities.

Construction will be supported by the Section 42 Low-Income Housing Tax Credit (LIHTC) program, the nation’s largest source of funding for affordable housing development. In exchange for tax credits, developers agree to maintain rents at levels tied to the Area Median Income (AMI). LIHTC-supported developments like Allasso Ranch help to increase the supply of affordable housing and positively impact local housing markets.

Dominium would like to thank its development partners including Western Alliance Bank, Old National Bank (formerly Bremer Bank), Freddie Mac, PNC Bank, Colliers Securities, Arizona Department of Housing, Arizona Industrial Development Authority, Polaris Capital, Winthrop & Weinstine, Langston Hughes, Todd & Associates, Atwell Engineering, TLS Land Services, Commercial Partners Title, Kutak Rock and U.S. Bank.