Housing at the Capitol Mall

Affordable Housing Program

The goal of our housing program is to provide affordable single family housing  while helping to revitalize the neighborhoods where Captiol Mall Association is working.  Join us in this community development effort and don't miss this opportunity to own your own home!

Considering Buying A Home?  Look No Further!

This is your chance to own a quality home through a program designed to help rpovide home ownership to low and moderate income families.  Capitol Mall Association is a nonprofit community organization renovating and building single-family homes in three primary neighborhoods near downtown Phoenix between 7th Avenue and I-17, Harrison and I-10 as well as citywide.

CMA's Affordable Housing Program can connect qualified buyers with:

• Housing counseling to understand the costs, documents and responsibilities associated with buying a house;
• Information about permanent financing from banks committed to providing loans to qualified buyers;
• Financial assistance to reduce down payments and closing cost requirements
• Subsidies to make a house affordable for low to moderate income home buyers.

For more information call Shannon at (602) 340-0745 or shannon@capitolmall.org

CMA sells homes to market rate and low to moderate income home-buyers.  Low to moderate income buyers must deposit a minimum of $1,000 cash down payment and will likely need to qualify for a mortgage of between $115,000-$165,000*.  Individual Loan programs may very on the required minimum down payment.  A subsidy may be available in the form of a forgivable soft second mortgage of up to $25,000 for low to moderate income buyers.

 *These numbers are estimates and subject to change and will vary depending on buyer qualifications and subsidies available at the time of purchase.