PHOENIX, Aug. 15, 2017 /PRNewswire/ -- Gardner Capital announced plans to develop the El Caro Homes housing project in Phoenix, after the Arizona Department of Housing announced 2017 tax credit reservations. El Caro Homes will provide high-quality and affordable, single-family homes for families in Phoenix.
El Caro Homes will consist of 50 new single-story, detached rental homes, containing one, two, three, or four-bedrooms and direct garage access. Twelve of the homes will be reserved for family members with developmental disabilities. United Cerebral Palsy Association of Central Arizona, in partnership with Gardner Capital, will provide supportive services to residents of the housing community.
El Caro Homes will be constructed on the former site of El Caro Golf Course, where Gardner Capital also plans to build El Caro Senior Residences – a 102-unit senior living community, scheduled to break ground yet this summer.
"The combined 152 units in El Caro Homes and El Caro Senior Residences represent Gardner Capital's commitment to improving the wellbeing of Arizona families. We are pleased to develop both projects efficiently and responsibly and work alongside United Cerebral Palsy Association of Central Arizona, the City of Phoenix, and the Arizona Department of Housing. We look forward to working with our partners on future projects in Phoenix and other cities in Arizona," said Michael Gardner, President of Gardner Capital.
About Gardner Capital
Gardner Capital is an affordable housing and solar development, tax credit syndication, and investment company with primary regional offices in St. Louis, Dallas, San Francisco, Atlanta, and Springfield, Missouri. Since 1992, Gardner Capital has placed more than 2 billion dollars of equity in affordable housing. More recently, Gardner Capital added a rapidly growing solar development and investment platform with several solar projects across the United States. The principals, Mark Gardner and Michael Gardner, remain committed to improving the wellbeing of families by developing and raising capital for affordable housing and clean energy projects. Visit www.gardnercapital.com for more information.