In 2001, the Phoenix voters approved $33.7 million in General Obligation
Bonds to create affordable rental housing. The Housing Development
Section has purchased close to 1,000 rental units with General Obligation Bond
funds previously approved by the Phoenix voters in 1988. The properties
provide housing to lower income senior citizens and families at rents
that are below market rates. A private management company manages
the properties purchased by the Housing Development Section.
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