Mortgage And Real Estate News

Sunday, February 9, 2014

Senior Urban Housing Development Opens |


Another senior urban housing development was unveiled Thursday afternoon, this time in Mesa. The 81-unit complex is located downtown.

Encore on First is walking distance from the Mesa Arts Center, restaurants and shops. It was built with money from a tax credit. Private investors put money into the development and in turn get a federal tax break.

This arrangement ultimately means residents pay lower rent. Roberta Becker moved in a few weeks ago. She said the complex fit all her needs as an active senior.

Read more...Senior Urban Housing Development Opens |

Reuters: Business News

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