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Form 2032 online Maricopa Arizona: What You Should Know
Construction of the first six units at the Village at Riverdale will begin this upcoming spring on a 50-acre site on the edge of Maricopa's downtown. “As the cost of living for senior citizens continues to rise, it is vital for us to provide quality, affordable housing,” said J.J. Jones, president and CEO of The Maricopa Industrial Development Authority (MIA), which is providing the financing. “Our support for Riverdale demonstrates the MIA's commitment to providing a range of innovative financing options that encourage residential development throughout the region.” Construction of the Riverdale Village will be made possible by a 1.1 million in public and in-kind contribution from the Maricopa Industrial Development Authority (MID). The MIA also has contributed 100,000 to Maricopa Community Housing, a county-wide non-profit that will manage and finance construction of the housing. The MIA's contributions will be fully repaid through future tax revenue. Maricopa County Treasurer Brenda Batista and MIA president and chief executive officer J.J. Jones and Maricopa Industrial Development Authority board members, J.J. Jones and John Margin, voted to approve the loan assistance agreement, which they said makes it possible for Riverdale Village to be constructed by the end of 2019. “Riverdale Village exemplifies what can happen when we work together for the common good,” said Jones. “I'm thrilled that MIA will support a community of senior and low-income residents to build the first six units, and I'd like to thank our partners, Maricopa Community Housing, for their tireless work and commitment to this project.” The MIA is providing an additional 2.5 million in city and county funds, along with 750,000 in funding from the Regional Transportation District for the project.
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