Dec. 2: Trellis @ Mission Groundbreaking

Congratulations to Trellis on the upcoming groundbreaking of their newest project, Trellis @ Mission. This 43-unit townhouse community in Sunnyslope will provide affordable homeownership opportunities through a lease-to-purchase program. 

Located near quality education, grocery stores, a hospital system, a Federally Qualified Health Center, public park, public library, and multiple recreational facilities, Sunnyslope is the ideal location to launch the future homeowners of Trellis @ Mission. Through an equity/rental credit arrangement, tenants will accumulate value over time toward an eventual opportunity to purchase their unit, with longer term tenants accruing even more value. This incentivizes residents to stay in place, which has the additional benefit of stabilizing the community as those tenants invest in their property, home, community, and neighborhood over time. Most importantly, Trellis @ Mission has the potential to catalyze wealth creation in these households with the effect of changing generations to come as well as resolving tremendous housing injustices. 

Arizona Community Foundation provided $100,000 from the Affordable Housing Pre-Development Loan Fund. The Home Matters Arizona Fund​ provided a $400,000 grant.