The TOKA Homes #1 project recently received an Affordable Housing Program (AHP) grant of $400,000 from the Federal Home Loan Bank of San Francisco. Our clients, the Tohono O’odham Ki:Ki Association (TOKA), the owner and developer for the project, is very close to finishing rehabbing 40 single-family homes and building a new community building on the Tohono O’odham Reservation in Sells, AZ.
These funds add an extra boost to the housing project! We are thrilled for TOKA and the project. They go the extra mile and deserve the extra funds. (In case you missed it, TOKA staff members were recently honored for all of their hard work as the Project Team of the Year at our annual conference — read about their success here.)
AHP grants continue to be very sought-after and extremely competitive. We were told that the success rate this year with the Federal Home Loan Bank of San Francisco was less than 50 percent.
TOKA Homes #1 was originally made possible with a 2014 allocation of $590,106 in Low Income Housing Tax Credits (LIHTCs) from the Arizona Department of Housing (ADOH) and an equity investment from the Richman Group.
This project adds quality, affordable housing for people in need and who income-qualify. Eight of the project units will be set aside for households with special needs including residents with a mental or physical disability, are AIDS or HIV-positive, or are recovering from physical abuse or substance abuse. (Read more about income set-asides on our TOKA Homes I project page.)
In addition to the development, TOKA will provide financial literacy education and an on-site supportive service coordinator at the community building for residents.
Congrats to TOKA!
For more information about AHP grants, check out our blogs:
- Affordable Housing Program (AHP) funds continue to be an excellent leveraging tool for tribal LIHTC projects
- Nearly $2 million in AHP grants awarded to four Travois clients
- Travois tops $20 million in AHP funds for clients with three more awards in the last month
- Closing out the year with client good news