The Pima County Board has approved the sale of a two-acre property on Tucson's southside to an Ohio-based developer to build an 80-unit, low-income rental project.
Supervisors approved the sale of the property —near East Drexel and South Country Club roads — to Spire Development, Inc. during its board meeting Tuesday.
It will be called “Drexel Commons,” and units will be rent- and income-restricted. It will remain an affordable housing project for 30 years, according to the contract.
The property won't be deeded to Spire until it is rezoned, "all tax credit allocations have been secured, all construction financing is in place, any needed equity financing has been secured, a general contractor has been selected and all necessary building permits have been issued," the contract says.
County supervisors sold the property for “the nominal amount of $200” as permitted by state law, according to a news release.
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Steve Christy, District 4's Supervisor, was the sole no-vote.
"As we move forward, we will continue to work with our Regional Affordable Housing Commission and look to collaborate with other departments.," Sofia Blue, the affordable housing division manager for the county's community and workforce development department director, said in the release.
The county lauded some of the efforts it has undertaken since authorizing the housing commission in October 2022, including approval of nearly $11 million in gap funding for 12 projects "providing a total of 1,059 affordable housing units to be preserved or developed within Pima County," and in December last year, the commission's endorsement of "another $5 million in gap funding, supporting seven projects to preserve or develop 273 units of affordable housing," the news release said.
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