Pima County Affordable Housing Bond Program
In May 2004, the voters of Pima County approved General Obligation Bonds in the amount of $10,000,000 for the purpose of funding the Pima County Affordable Housing Bond Program. Non-profit corporations, units of government and licensed builders in the private sector through an open and continuous application process may request bond funds for the development of affordable housing units.
Funding requests are approved by the Pima County Board of Supervisors upon the recommendation of the Pima County Housing Commission. Applications are received by CNDC staff who prepare preliminary evaluations of the proposals for review by the housing commission. Upon direction of the housing commission, CDNC will prepare contracts committing bond funds to projects are executed by the Board of Supervisors and the successful applicants. See the Pima County Affordable Housing Bond Program 2011-2012 Annual Report.