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Property Tour

Edison-Eastlake Choice Neighborhoods Redevelopment

Phoenix, Arizona

Thursday, April 23  |  8:00 – 11:00 AM

Join AHIC for an on-the-ground look at one of the nation's most ambitious public housing transformations—577 obsolete units becoming 1,000+ mixed-income homes across 40 acres near downtown Phoenix. This decade-long, 10-phase project showcases the layered capital stack, phased LIHTC allocations, and complex compliance environment that define large-scale Choice Neighborhoods work. Register!

$42.5M + $300M
HUD Grant + Leveraged Capital
10 Phases
2018 – 2028
U.S. Bank & BofA
LIHTC Equity Partners

Why Investors Should Attend

9% vs. 4% credit dynamics — Arizona's competitive environment pushed heavy reliance on 4% credits with tax-exempt bonds, creating different equity yields and gap financing needs across phases
Mixed-income underwriting — Each phase blends Section 8 PBVs, LIHTC units, and market-rate homes, requiring careful rent roll analysis across restricted and unrestricted units
RAD/Section 18 conversion — Traditional public housing converted to project-based vouchers, unlocking private leverage while maintaining anti-displacement commitments
Complex compliance environment — Navigating resident relocation and right-to-return commitments while keeping credits and vouchers aligned across overlapping construction and lease-up cycles
Extreme-climate design — Heat-resilient strategies including shade structures, cool materials, and enhanced ventilation affect both capital costs and operating performance

Tour Sites

You'll visit completed phases and active construction across the 40-acre footprint:

Soluna I & II

Completed
177 homes

The first mixed-income phase delivered under the plan, featuring a major art installation and community mural celebrating the neighborhood's heritage.

Harmony at the Park I, II & III

Completed
325 homes

Redevelopment of the former Frank Luke public housing site with mixed-income apartments, for-sale townhomes, and a new linear park. Townhomes and park construction begin in 2026.

Horizon on Villa

Under Construction
109 homes

Broke ground December 2025, replacing the obsolete A.L. Krohn Homes while preserving historic buildings for community services including Head Start, a dental clinic, maker space, and branch library.

Girasol I & II

Under Construction
224 homes

A major next step replacing obsolete public housing with a larger mixed-income community within walking distance of light rail. Phase III breaks ground late 2026, adding 140 additional homes.

Experience neighborhood-scale transformation as it happens—from the investor's perspective.

Register for Property Tour

Spring Meeting registration required to participate

AHIC Spring Meeting  |  April 21–23, 2026  |  Hilton Scottsdale Resort & Villas

Meeting Overview

Hotel 

Agenda

Registration

Attendee List