Arizona IDA Board approves $20 million bond for affordable housing

The Arizona Industrial Development Authority agreed to be a conduit for $20 million in bonds for an Indiana company to build new affordable housing units in Glendale. The 105-unit project will be built on the southwest corner of 47th and Glendale avenues. Indianapolis-based TWG Development is constructing two, three-story buildings that will lease to tenants who meet the income qualifications.

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