...Title
Amend Ordinance S-52177 for Senior Bridge Project (Ordinance S-52253) - District 8 & Citywide
Description
Request authorization for the City Manager or the City Manager's designee to amend Ordinance S-52177 to increase funding in an amount not to exceed $750,000 to support the Senior Bridge Affordable Housing Project. Further request the City Controller to disburse all funds related to this item for the life of the contract.
Report
Summary
The City of Phoenix is contributing $750,000 in American Rescue Plan Act (ARPA) interest funds to bridge a financial gap in the Senior Bridge Affordable Housing Project. This funding is in addition to previously authorized funding which includes $6 million via an Intergovernmental Agreement (IGA) with Maricopa County and $3,015,746 via a funding agreement with the Phoenix Community Development and Investment Corporation (PCDIC), for a total grant value of up to $9,765,746.
Contract Term
The term of the Contract will remain as stated in the July 2, 2025, Council action.
Financial Impact
Funding in the amount not to exceed $750,000 will be provided through the City’s allocation of ARPA interest funds. There is no impact to the General Fund.
Concurrence/Previous Council Action
The Council previously reviewed and approved the following:
- On December 18, 2024, the City Council approved the Intergovernmental Agreement (IGA) with Maricopa County and related projects with Ordinance S-51553, including the award of up to $6 million in funding from the IGA for the Senior Bridge to Steel & Spark, LLC with Ordinance S-51553.
- On March 26, 2025, the City Council authorized changes to the Senior Bridge Project scope and substitution of Senior Bridge, LLC as developer with Ordinance S-51736.
- On July 2, 2025, the City Council authorized additional changes to Senior Bridge Project scope and term, and entry into a funding agreement with PCDIC with Ordinance S-52177 for the Senior Bridge project.
Location
Senior Bridge, 2853 E. Van Buren Street
Council Districts: 8 and Citywide
Department
Responsible Department
This item is submitted by Deputy City Manager Gina Montes and the Office of Homeless Solutions.