Ulysses Development Group (UDG) is thrilled to announce the simultaneous closings of Phases I and II of The Acacia at Youngtown, in Youngtown, Arizona. Spread across 13 buildings, this new construction, garden-style apartment community will provide 312 homes, consisting of 1BR, 2BR, 3BR, and 4BR. The Acacia at Youngtown will provide homes to families and individuals who earn at or below 60% of the Area Median Income (AMI). Construction will kick off immediately and is expected to finish in 2026. This community will also have several amenities to create a thriving and vibrant home for future residents. These amenities include a clubhouse, pool, fitness center, business center, outdoor gathering space, and a children’s play area.
The Acacia at Youngtown will be UDG’s third new construction project in the State of Arizona. The meaningful impact we have been able to have on the creation of affordable housing in Arizona would not be possible without help from our many partners. We would like to extend our appreciation to the Arizona Department of Housing for providing tax credits and subordinate funding, the Arizona Industrial Development Authority - Arizona IDA for providing bonds, the Town Of Youngtown and Maricopa County. Additionally, thank you to our business partners Citi, U.S. Bank, Perlman Architects of Arizona, H&B Builders, Quarles & Brady LLP, Levitt & Boccio, LLP, Novogradac & Company LLP, Mission Rock Residential, LLC, Royal Abstract, RBC Capital Markets, and RCC Design Group.
We would also like to share a special note of gratitude to our internal team of dedicated affordable housing developers including Ahmed Abdelhameed who led the development, with support from Angela Arnholt, Sarah Rockwell, and Michelle Affrunti.
#affordablehousing #community #peoplefirst
