A project seeing the building of nearly 30 townhomes belonging to the Pascua Yaqui Tribe some 12 miles to the southwest of Tucson may soon be underway.
Based in southern Arizona, the tribe last year was the beneficiary of a housing tax credit award via the Arizona Department of Housing that, in turn, resulted in around $8.3 million in investor equity for the project from Redstone Equity Partners, which has offices in New York, among other cities.
Upon securing funding, Keith Gregory, housing director for the Pascua Yaqui Tribe, remarked: “For the first time ever, we are able to offer housing diversity that will hopefully fuel future development creativity in tribal housing while simultaneously providing critical affordable housing for our tribal members.”
As planned, the project will see the construction of 3 four-bedroom townhomes, 12 three-bedroom townhomes, and a dozen two-bedroom townhomes. Each of those structures will have a rooftop terrace as well as outdoor patio space.
Each home will additionally include green building features that include energy efficient windows, doors and insulation.
A real estate investment firm, Red Stone has helped fund residential development projects throughout the West, including in Arizona, Colorado, and New Mexico.
Project architect for the new Pascua Yaqui Tribe townhouses is Travois Design of Kansas City. Travois specializes in affordable housing projects for American Indian, Alaska Native, and Native Hawaiian communities.
By Garry Boulard
