#United States #Phoenix #affordable housing #Ulysses Development Group #Salt River Flats

Salt River Flats 2: A Step Toward Affordable Housing in Phoenix

On April 29, 2026, Ulysses Development Group (UDG) marked a significant milestone in Arizona by breaking ground on Salt River Flats 2. This new community aims to address the pressing need for affordable housing in Phoenix, adding 168 units specifically designed for families and individuals earning up to 60% of the area median income. The event featured Arizona Governor Katie Hobbs, alongside other community leaders and partners who expressed their support for the project.

Located at 4027 S. 13th Street, Salt River Flats 2 is strategically positioned just west of UDG's previous project, Salt River Flats, which opened its doors in the spring of 2024 and boasts 196 multifamily units. The new development is part of UDG's ongoing commitment to deliver affordable housing solutions and strengthen communities in the Phoenix area.

Community-Centric Amenities

UDG has put a strong emphasis on creating a community atmosphere at Salt River Flats 2. The complex will feature a variety of amenities, including:

• - An outdoor BBQ and gathering area
• - A swimming pool
• - A playground for families
• - A community room with a kitchenette and business center

Each housing unit is designed to be fully equipped with modern conveniences, including an oven, range, dishwasher, disposal, microwave, in-unit washer and dryer, stone countertops, central air conditioning, and walk-in closets. This layout aims to not only offer comfort but to foster a sense of belonging among the residents.

State Support for Affordable Housing

Governor Hobbs emphasized the importance of affordable housing during the groundbreaking ceremony. She stated, "The State of Arizona is proud to support the development of Salt River Flats 2 with federal low-income housing tax credits and State Housing Trust Funds. Our state's population has grown extensively over the last few years, and ensuring all Arizonans have a safe place to call home is the critical first step to stability."

Kirsty Greer, UDG's Chief Development Officer, expressed her satisfaction with the project's design, stating, "Salt River Flats 2 was thoughtfully designed for families to thrive. It offers a pathway to stability for so many and demonstrates what mission-driven partners can do when we work together."

Financial Backing and Commitment

The successful launch of Salt River Flats 2 is made possible through the collaboration of various financial entities, including the Arizona Industrial Development Authority (AZIDA) and the Arizona Department of Housing (ADOH). Key contributions include:

• - $34.5M in tax-exempt bonds from AZIDA
• - $23.5M in annual federal low-income housing tax credits (LIHTC) from ADOH
• - $2.5M in State Housing Trust Funds
• - Thanks to US Bank and Merchants Capital for providing finances critical for construction and development.

Looking Forward

Moreover, UDG is not stopping at Salt River Flats 2. The company is also leasing up The Acacia at Youngtown, a 312-unit community slated to welcome residents in the summer of 2026. UDG continues to expand its footprint in Arizona, further reinforcing its dedication to affordable housing.

As part of its growth strategy, UDG aims to develop or preserve a total of 2,000 units by the end of 2026, focusing on sustainable and impactful living solutions for residents.

For those interested in leasing at The Acacia at Youngtown, additional information can be found on the Mission Rock Residential website. To stay updated on UDG's projects and initiatives, follow them on LinkedIn.

In conclusion, the groundbreaking of Salt River Flats 2 signifies a collective effort to ensure that all communities in Arizona have access to safe and affordable housing. As UDG continues to push boundaries in real estate development, they are becoming a cornerstone in the fight against housing insecurity in the region.