Woda Cooper Affordable Housing Project (Union Park Lofts)
Summary
A proposed 74-unit affordable apartment project could bring workforce and senior housing to Payson, but it hinges on winning a scarce state Low-Income Housing Tax Credit — only one award per county. The town's loan, fee waivers and tax forgiveness are meant to boost the application's competitiveness.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Aug 12, 2026.
Impact analysis
The town is on the hook for a $100,000 loan at 3 percent for up to 15 years, about $50,000 in waived fees, and its 3.8 percent share of construction sales tax.
Payson workers, seniors, veterans and fixed-income residents making up to about 60 percent of area median income — roughly $32,100 to $45,840 per household.
Mentions & discussions (2)
Payson Town Council - Regular - Aug 12, 2026
Woda Cooper's 74-unit workforce housing project won a competitive state tax credit award — one of only 11 from 34 applications, and one of just four in rural Arizona. Rents will run $400–$950 for residents earning 30–60% of area median income, targeting local workers.
Payson Town Council - Regular - Mar 11, 2026
A proposed 74-unit affordable apartment project could bring workforce and senior housing to Payson, but it hinges on winning a scarce state Low-Income Housing Tax Credit — only one award per county. The town's loan, fee waivers and tax forgiveness are meant to boost the application's competitiveness.
Related development
Union Park Lofts / Woda Cooper Affordable Housing Project
If the tax credits are awarded, the project would add roughly 74 income-restricted units for households earning up to 60 percent of area median income, filling part of Payson's estimated 167-unit affordable rental shortfall.
Union Park Lofts (LIHTC Project)
Adds 74 affordable rentals ($400–$950/month) for local workers earning $20,000–$58,000, with groundbreaking in early 2027 and leasing around March 2028.
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