Home News New Valley-based affordable housing project breaking ground in Phoenix

New Valley-based affordable housing project breaking ground in Phoenix

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Phoenix (3TV/CBS 5) – Greenlight Communities, a new valley-based affordable housing project company, has embarked on a new project in Phoenix called Streamliner 67th with Mayor Kate Gallego and Hall of Fame teacher Kareem Neal.

The project is a joint venture with Stockbridge, a private equity real estate company. Rent is about $1,250 a month and is an unsubsidized solution for dual-income households. “Governments alone cannot solve the current housing crisis,” said Patricia Watts, co-founder of Greenlight Communities. “We’ve tried to address the state’s rental housing crisis by building achievable community after community.”

Greenlight Community Mayor Gallego and Teacher of the Year Kareem Neal kicked off a new affordable housing project called Streamliner 67 in Phoenix on Monday.(Arizona family)

Greenlight’s first cabana community was built in 2017 and currently plans to set up 20 different valley communities while investing approximately $1 billion in project infrastructure. The company also has an in-house general contract and civil engineering department to make the process less wasteful and overall more affordable. “What Greenlight Communities has achieved in just five years is not only admirable, but a real solution to help address the housing crisis plaguing our community,” said Phoenix Mayor Kate. Gallego said.

“There is nothing more discouraging than trying to find a nice apartment that you can actually afford and feel safe coming home to,” says Kareem Neil, a teacher at a special education high school. It’s great to see a company that puts employee housing at the top of its list and doesn’t cater to the few people who can actually afford luxury apartments.”

Located at the corner of 67th and McDowell, Streamliner offers 292 units of studio, one and two bedroom apartments. The project will be completed in March 2024 and will be serviced by the next phase of the light rail expansion. Greenlight communities are also being built in Goodyear, Mesa, and Tucson. I want to know more about the company and upcoming projects, click here.

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