Phoenix: the first report

What the first records establish

Phoenix’s publicly available housing records show reported completions, planned development and several stages of financing. They provide a useful starting point for following public commitments through to housing outcomes. Each number needs its own unit, date and status: an apartment count, an award, a budget and an expenditure answer different questions. This first report uses the research snapshot of November 8, 2026. It does not establish total lifetime City spending per apartment, current property ownership or the end dates of affordability restrictions.

Five reported completions and a smaller assisted subset

Phoenix’s draft FY2025–26 Consolidated Annual Performance and Evaluation Report, or CAPER, reports completion of 25th @ Bell with 53 apartments, Pueblo Apartments with 161, Garfield II with 60, Residences at Falcon Park with 192 and Harmony at the Park III with 90. Together, those five developments contain 556 apartments. This is a subtotal of five reported projects, not all housing produced in Phoenix. [1] [2] [3]

The same draft reports 49 HOME-designated units within those developments. Those units are part of the 556 apartments, not an addition to them. The public report remained draft-labeled when checked. Its completion statements do not independently establish certificates of occupancy, current occupancy or HUD acceptance. [1] [2] [3]

Bell shows why project records must be joined carefully

At 25th @ Bell, HUD lists a Phoenix HOME activity with six HOME units and a Total HOME Funding Amount of $1,000,000. A separate Arizona activity lists five HOME units and $1,082,181.40. Both identify the same address and 53 total apartments. The development should be counted once. Although six plus five equals the CAPER’s 11 HOME-designated units, the records do not prove that the City and State unit schedules are separate. [4] [5] [6] [7] [8] [9]

The HUD funding fields are not independently verified payments. Their completion dates are administrative activity dates. HUD’s item states September 2026 coverage, but its layer and Data.gov descriptions give older coverage dates. The exact refresh date remains unverified; all retained records were retrieved November 8, 2026. [6] [7] [5] [8] [10] [11] [12]

Planned apartments need a separate count

The Moreland is planned for 237 apartments across two phases: 132 in Phase I and 105 in Phase II. On June 17, 2026, Council authorized up to $10 million from HOME, NSP and other affordable-housing funds, plus up to 54 project-based vouchers, for Phase II. These are a planned unit count and authorization ceilings. They do not establish completed apartments, paid assistance or executed voucher contracts. [13] [14] [15] [16] [17]

Girasol’s October 26, 2026 project update describes 364 planned apartments, including 289 affordable and 75 market-rate apartments, on the former 145-unit Sidney P. Osborn site. The 364 are planned gross redevelopment units, not 364 net additions or 364 newly completed affordable apartments. [18] [19]

Capital Fund figures describe different stages

HUD’s current 2026 master Capital Fund award schedule lists $2,842,753 for Phoenix. Its separately published formula workbook lists $2,813,904. The $28,849 difference is an unexplained discrepancy between published sources. It is not evidence of missing money, a cash receipt or a verified award revision. The reviewed records do not identify the transaction, date or reason linking the amounts. [20] [21] [22] [23] [24]

Phoenix’s draft Capital Fund plan separately proposes $2,713,865 in its “2026” column, with unresolved year labels across related City documents. Phoenix’s FY2025 SEFA reports $7,218,862 in Capital Fund expenditure for July 1, 2024 through June 30, 2025. The SEFA is an accounting schedule, not a cash-flow statement, and its program row does not identify grant years. These figures cannot be subtracted from one another to calculate an unspent balance. [25] [26] [27]

Two useful benchmarks with clear limits

The Housing Department’s adopted FY2026–27 net operating expenditure budget is $207,589,044. That is budget authority for the department, not actual spending or a total for every City housing-related program. [28]

For residents’ housing costs, the 2025 American Community Survey estimates Phoenix city’s median gross monthly rent at $1,733, with a 90% margin of error of ±$36. It covers renter-occupied homes paying cash rent, in nominal 2025 dollars. It is neither a metro-area figure nor today’s asking rent. [29]

The next questions are specific

The next records to seek are the final CAPER and project closeout evidence; Bell’s executed City and State unit schedules and affordability agreements; the record reconciling HUD’s two 2026 Capital Fund amounts; and grant-level obligations, draws and expenditure records for matching periods. Current deed records and executed restrictions would be needed to establish ownership and affordability end dates. Those records would help connect commitments to delivery without turning a reporting gap into an allegation.