Soluna Apartments is the first Choice Neighborhoods mixed-income housing development in the Edison-Eastlake Community. Holding its grand opening in October, Soluna features 177 modern, energy-efficient units ranging from one to five bedrooms. The community is designed to provide quality living at an affordable cost, with 80% of units offered as affordable housing and 20% of units available at market rate.
Centrally located at 19th St. and Roosevelt, Soluna offers residents views of Edison Park and multiple amenities including a unique art plaza, three community rooms, playgrounds, a business center, a fitness center, and green space with plenty of shade trees. Soluna is the first phase of rental housing units developed as part of a $30 million Choice Neighborhoods Implementation Grant from the U.S. Department of Housing and Urban Development (HUD) to revitalize the Edison-Eastlake neighborhood and encourage a sense of pride in the community.
Soluna, the combination of “sol” (sun) and “luna” (moon) in Spanish, received the 2022 Brian Mickelson Housing Hero Award for Outstanding Affordable Housing Initiative. The community was developed in partnership with Gorman and Company, capitalizing on transit-oriented development opportunities, deconcentrating poverty, and ensuring long-term housing affordability in this community.
“Phoenix has embarked on the Housing Phoenix Plan, which was approved by the Mayor and Council in 2020, to create and preserve 50,000 units by 2030,” said Titus Mathew, City of Phoenix housing department director. “There has never been a greater need for affordable housing than the present.”
Soluna was funded by Low Income Housing Tax Credit equity, private mortgage, Choice Neighborhoods funds and other sources of gap funding. Funding partners include the Arizona Department of Housing, Phoenix Community Development & Investment Corporation and HUD.
Speak Your Mind
You must be logged in to post a comment.