Phoenix / Connected evidence

The Moreland

Two planned phases. Separate financing records. Follow the dates, financial stages and questions that remain open.

Original research snapshot: November 8, 2026. Later findings retain their own source dates.

What does this financing tell us about housing delivery?

Place: Phoenix · former Deck Park Vista site
Stage & date: Planned phases · June 17, 2026 Council scope report
Homes: 132 Phase I + 105 Phase II planned apartments
Funding record: Phase I: $43.1m reported closing, December 2025. Phase II: up to $10m authorized, June 17, 2026.

A financing closing does not establish City spending. Phase II execution and the fund split remain unverified.

Follow the dated records.

Dates and record types matter. These statements are not payments in a single account.

June 18, 2025
Earlier Council development-scope report
An earlier Council report is one of the sources attached to the published two-phase development-scope finding.
Read this record →
November 5, 2025
Phase I financing authorization
Council approval allowed up to $50 million. An authorization ceiling is not the reported closing amount or a payment.
Read this record →
December 2025
Phase I reported financing closing
Phoenix IDA reports $43.1 million of Moreland I financing closed. This is not a City expenditure total.
Read this record →
June 17, 2026
Phase II assistance and voucher authorization
Council authorized up to $10 million from HOME, NSP and other affordable-housing funds, plus up to 54 project-based vouchers. Execution and the fund split remain unverified.
Read this record →

What the records establish

The Moreland is planned as two phases totaling 237 apartments: 132 in Phase I and 105 in Phase II.

At the June 17, 2026 Council action, the staff report described Phase I as under construction and forecast completion in February 2028.

Phoenix IDA reports $43.1 million of Moreland I financing closed in December 2025; the preceding Council approval allowed up to $50 million.

What still needs evidence

Match project-specific disbursements to the funder, program, phase and period before calculating any spending per apartment.

Executed assistance agreements, fund allocations and voucher records are needed before treating authorizations as paid or contracted assistance.

Full source appendix →

Planned homes, reported milestones and current housing availability are different measures. The complete findings and qualifications remain below.

Keep the planned phases separate.

Phase I132 planned apartments Phase II105 planned apartments

Planned development scope, not completed units

The Moreland is planned as two phases totaling 237 apartments: 132 in Phase I and 105 in Phase II.

At the June 17, 2026 Council action, the staff report described Phase I as under construction and forecast completion in February 2028.

Scope The Moreland I and II, replacing the former Deck Park Vista development Time period June 17, 2026 Council report

Keep in mind. An older accomplishments summary labels Phase I with 237; do not use 237 as completed Phase I units. The February 2028 forecast reflects the June 2026 report. Current construction status and actual completion remain unverified.

Read the indexed finding · PHX-WEB-007

Boundary of this project file

The combined 237 apartments describe planned scope across two phases. An older summary labels Phase I with 237; the published research says not to use that as completed Phase I units. No completed-apartment count, current availability, total City spending or comparable cost per apartment is established here.

132 planned apartments

Phase I: the funding record

The reported closing and the earlier approval ceiling describe financing stages. Neither is verified City cash spending or the total development cost.

Issuer-reported closed conduit financing; not City spending

Phoenix IDA reports $43.1 million of Moreland I financing closed in December 2025; the preceding Council approval allowed up to $50 million.

Scope Moreland I Series 2025 notes Time period Council approval November 5, 2025; reported closing December 2025

Keep in mind. Do not add $50m and $43.1m. Neither amount is total City assistance, a HOME disbursement or audited final development cost.

Read the indexed finding · PHX-WEB-009

105 planned apartments

Phase II: the funding record

The authorization combines funding sources whose split is unverified. Up to 54 vouchers is not a count of executed contracts or additional apartments.

Authorization ceiling; mixed funding sources

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 Moreland Phase II.

Scope 105-unit Moreland II at 475 E. Moreland Street Time period 2026-06-17

Keep in mind. No fund split or executed agreement was verified. Do not label all $10m HOME, spent or paid; up to 54 is not a verified count of executed PBV contracts.

Read the indexed finding · PHX-WEB-010

Follow the sequence of records.

The dates connect the evidence. The amounts are not balances in one calculation.

June 18, 2025
Earlier Council development-scope report
An earlier Council report is one of the sources attached to the published two-phase development-scope finding.
June 18, 2025 Moreland Council report
PHX-EXT-PROJECT-004
November 5, 2025
Phase I financing authorization
Council approval allowed up to $50 million. An authorization ceiling is not the reported closing amount or a payment.
November 5, 2025 Moreland I Council report
PHX-EXT-PROJECT-003
December 2025
Phase I reported financing closing
Phoenix IDA reports $43.1 million of Moreland I financing closed. This is not a City expenditure total.
Phoenix IDA closed-bond schedule
PHX-EXT-PROJECT-114
June 17, 2026
Phase II assistance and voucher authorization
Council authorized up to $10 million from HOME, NSP and other affordable-housing funds, plus up to 54 project-based vouchers. Execution and the fund split remain unverified.
June 17, 2026 Moreland II Council report
PHX-EXT-PROJECT-002

What evidence is still needed?

What was actually paid?

Match project-specific disbursements to the funder, program, phase and period before calculating any spending per apartment.

Follow the evidence needed

Which terms were executed?