The White Mountain Apache Housing Authority (WMAHA) completed this 46-unit, new construction and acquisition/rehabilitation project in 2015.
The project was developed within the boundaries of the White Mountain Apache Reservation: 23 of the tribe’s existing housing units were rehabilitated in Whiteriver, AZ, and 23 new units were built in Fort Apache, AZ.
Half of the project’s 46 units are three-bedroom units and the remaining homes are two-bedroom units.
All units include amenities such as low-flow water fixtures, energy-saving appliances and attached carports.
In addition to investor equity through the Low Income Housing Tax Credit (LIHTC) program, WMAHA also received a $460,000 grant from the Federal Home Loan Bank’s Affordable Housing Program (AHP), which significantly reduced the tribe’s financial contribution to the project.
Travois Design & Construction Services provided architectural design services and a capital needs assessment for the project.
RBC Capital Markets is the investor for this project.
At a Glance
- Native Organization: White Mountain Apache Housing Authority
- Asset Management Client
- Design and Construction Features
- Date Closed with Investor: 2014
- Date Completed: 2015
- Development Type: New Contruction/Rehab
- Project Status: Complete
- Total Homes: 46
- Total Project Cost: $8,136,965
- Total Investor Equity: $6,259,728
- Total Grant Money: $460,000
