Dominium Expands Arizona Footprint May172021
Image courtesy of Dominium
Dominium is about to start construction on Vista Ridge, a 308-unit affordable housing community in Phoenix. Public records show the firm acquired the 12.7-acre development site for $3.3 million in April. Completion is expected in the spring of 2022 for the developer’s first project in the metro and its second in Arizona.
Development partners include the City of Phoenix, WD Construction, Todd + Associates, Hunter Engineering, Gammage & Burnham and Winthrop & Weinstine, together with Colliers Securities and First American Title.
In April, Dominium’s development activity witnessed another expansion: The firm broke ground on its first affordable project in Newnan, Ga. The 202-unit community will cater to adults aged 55 and over.
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Deseret News
Funding is ‘the most money that housing has ever received,’ director says
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Kristin Murphy, Deseret News
SALT LAKE CITY Amid an ongoing housing crisis as the Beehive State’s population continues to grow, the Utah Legislature set aside $35 million for affordable housing projects this year, drawing gratitude from advocates.
“This is the most money that housing has ever received. Homelessness has received lots of funding in terms of building infrastructure that they need to support homelessness, but we also need to invest in the infrastructure of housing where people can live,” said Tara Rollins, Utah Housing Coalition executive director.