ApprovedOther

DANCO Communities Affordable Housing Project (Malibu Parcel)

Description

DANCO asked the town to extend its ground-lease option on three acres of the town-owned 19-acre parcel to June 30, 2026, so it can apply for low-income housing tax credits in April. The 66-unit family project would include one- to three-bedroom units, an on-site manager, and amenities like a playground and dog park.

Impact summary

If funded, the project would add 66 affordable rentals to a town where even two-income young families struggle to find housing — but the final lease terms and infrastructure costs still have to come back to the council.

Applicant

Name
DANCO Communities Inc.
Address
Malibu Drive parcel (northwest/southwest corner clarified in discussion), Payson, Arizona

At a glance

Hearings
1
Public comments
4
Total mentions
1

Last vote · Town Council

Approved4–3

Last discussed Feb 11, 2026.

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