Paradise Palms Senior Housing
400 W Southern Ave
Phoenix, Maricopa County, Arizona 85041

Call (855) 598-3283, enter extension 56357, then hit #.

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Funding Programs

Paradise Palms Senior Housing was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 1998. The property was placed in service in 2000. 103 of 104 units at Paradise Palms Senior Housing are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract qualifying it for additional tax credit financing.

Overview

Paradise Palms Senior Housing is an affordable apartment community located in Phoenix, Arizona which is located in Maricopa County. The property is located in Arizona's 6th Congressional District served by Representative David Schweikert (R), Senator John McCain (R) and Senator Jeff Flake (R).

Paradise Palms Senior Housing is an apartment community containing 104 rental units. The property contains 104 bedrooms and based on typical apartment occupancy limits, Paradise Palms Senior Housing is home to not more than 156 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

Paradise Palms Senior Housing contains a mix of 104 assisted one bedroom apartments for rent. There are 104 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for Paradise Palms Senior Housing is 1.

Arizona's 6th

Congressional District

104

Total Units

103

Tax Credit Units

One

Unit Mix

1

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data