The country’s first company to focus solely on building privately funded attainable rental housing, Arizona-based Greenlight Communities, entered this year with 14 projects in development across the Phoenix Metropolitan area and further expansion into the Tucson market.
Since breaking ground on its first Cabana community in 2017, Greenlight has made attainable housing a reality for thousands of Arizona’s workers. The company has invested more than one billion dollars in these projects, with 11 currently in various development stages plus five communities that Greenlight has completed full cycle. In fact, in the Phoenix metropolitan area, Cabana Encanto and Cabana Bullard, both in Goodyear, are ready for move-in, and Cabana Happy Valley in north Phoenix is completely leased. Cabana Southern, in Mesa, is expected to welcome move-ins in July.
The end of 2022 also brought a new product to the market for Greenlight Communities as they broke ground on their first Streamliner project, Streamliner 67th in Phoenix. The Streamliner brand is Greenlight Communities’ most affordable apartment community to date. With Streamliner’s rents starting at $1,100 per month, Greenlight Communities offers a non-government-subsidized, private-sector solution to the state’s growing housing crisis. This is true workforce housing that educators, healthcare and retail workers, and those making an annual salary of around $40,000 a year can afford and be proud to be called home. Construction is also underway on a second Streamliner project, Streamliner 16th, also in Phoenix.
Additionally, Streamliner Aldea in Glendale breaks ground this month, which will be built alongside an additional Cabana project, Cabana Aldea.
“We started Greenlight Communities six years ago with a mission to offer Arizonans affordable and attractive workforce rental housing,” says Greenlight Communities co-founder Patricia Watts. “Government alone cannot solve our housing crisis, and those of us in the private sector have to get to work building communities people can actually afford to rent. This has been an incredible journey for us as we are getting ready to reach our 5,000th unit completed.”
By combining modern design with technological advancements in construction and operations, Greenlight’s Cabana and Streamliner apartment brands provide studio, one and two-bedroom units in well-located communities throughout metro Phoenix.
Streamlining the design and the building process and eliminating the waste has enabled the company to significantly reduce its building and construction costs, disrupting the traditional apartment model to be able to develop attainable rental housing that meets that needs of today’s budget-conscious renter. Greenlight also owns and operates an in-house general contracting and civil engineering division, all key factors that help the company deliver a superior product faster and more affordably to their renters.
Photos courtesy of Greenlight Communities