The 20-unit complex will open in spring 2024, made possible by a combination of state and federal grants, will consist of 11 studios and 9 one-bedroom apartments.
High mortgage rates and tight inventories are hitting home sales nationwide, but agents in Arizona say the continuing influx of new residents to the state has softened the impact in the Valley.
The city of Flagstaff has some of the highest housing costs in the state, with limited land to grow on and a major university controlling much of the housing stock—and it’s not trending in a direction favorable to renters.