Gorman & Company

ADOH was proud to fund $67.5 million toward the first affordable housing community in state history using STATE HOUSING TAX CREDITS! https://lnkd.in/gypay9YC

Thank you CHFA for hosting Gorman & Company's Colorado Market President, Kimball Crangle on this podcast edition of the buildout. Shining a light ?? on housing ??? the missing middle, those living, working, and struggling to find affordable housing in rural resort mountain ?? towns, is the first step in creating change. #GormanUSA #Integrity #Innovation #Community #RuralHousing #MountainTowns #AffordableHousing #MissingMiddleHousing #CommunityPartnerships #HousingForAll #Colorado #ColoradoLiving

"Governor Katie Hobbs is urging lawmakers to renew the funding, which expires at the end of this year." https://lnkd.in/gffn_DVX

Gorman & Company, alongside our project partners, Arizona Department of Housing, City of Globe, U.S. Bank, SOUTHERN GILA COUNTY ECONOMIC DEVELOPMENT CORPORATION, and Chase, looks forward to celebrating this much needed affordable, senior housing in Globe, Arizona. This rural project was the first to use Arizona State Tax Credits, a bipartisan program established by the Arizona Legislature in July, 2021. Congratulations on completion to all involved in this truly special housing community! #GormanUSA #Integrity #Innovation #Community #RuralHousing #SeniorHousing #BiPartisanSolutions #StateTaxCredits #GlobeAZ #Arizona #MiamiArizona, #SuperiorAZ

Special congratulations to Gorman & Company on today's Grand Opening of 'Centerline on Glendale' in the City of Glendale AZ, at 67th & Glendale Avenues. ADOH is proud to introduce 'Centerline' as the first affordable housing apartment community built in Arizona state history using State Housing Tax Credits! ADOH funded $40 million in Federal Low-Income Housing Tax Credits, $20 million in State Housing Tax Credits, and $7.5 million in additional financing toward this affordable community with 368 new apartment homes for low-to-middle income Arizonans! This large-scale, 9-building project, with its hundreds of affordable rents, would not exist today with the AZ State Tax Credit program and demonstrates the great opportunity available to any Arizona housing developer to use State Tax Credits in moving forward creating new affordable housing when their federal housing tax credits aren't enough. 'Centerline' offers 1, 2, and 3-bedroom homes all with a full-size washer & dryer, patio/balcony, wood-like laminate floors, and ceiling fans throughout! Exquisite community amenities include a community room with catering kitchen, fitness center, computer lab, splash pad, playground, dog park, BBQ area with picnic tables, and covered parking. Thanks to Governor Katie Hobbs for attending today's Grand Opening of 'Centerline' and speaking about the this real-world example showcasing the importance of the State Tax Credit program. ADOH Assistant Deputy Keon Montgomery and several members of his housing Tax Credit Division also attended (see final photo).

Gorman & Company honors Black History Month by recognizing trailblazers within the industries of architecture, construction, development, and portfolio management - elements of our vertically integrated platform. This month we highlight those that persevered with integrity and innovation to elevate their community. #GormanUSA #Integrity #Innovation #Community #BlackHistoryMonth #DiversityInConstruction #ArchitectureForAll #CommunityImpact

It is with great honor and privilege that Gorman & Company celebrates the grand opening of Centerline on Glendale alongside Governor Katie Hobbs on Thursday, March 6, 2025! This groundbreaking development was made possible through Arizona’s new bipartisan state tax credit program, established by the Arizona Legislature with the passage of S.B. 1124 in July 2021. Centerline on Glendale stands as a testament to the power of public-private partnerships bringing 368 units of mixed-income housing to the City of Glendale. Our partner, Local First Arizona will operate a state-of-the-art on-site commercial kitchen fostering entrepreneurship among local food-based businesses. Centerline on Glendale was financed and supported by: Arizona Department of Housing, Maricopa County, City of Glendale AZ, Cedar Rapids Bank & Trust, Local First Arizona, Arizona Health Care Cost Containment System (AHCCCS), U.S. Bank, HOM, Inc., Arizona Behavioral Health Corporation (ABC Housing), and Arizona Industrial Development Authority - Arizona IDA. #GormanUSA #Integrity #Innovation #Community #GlendaleAZ #CommunityPartners #TogetherWeCan #AffordableHousing #VeteranHousing #HousingForAll #LIHTC

Gorman & Company is thrilled to be celebrating our inaugural groundbreaking in Portland, OR alongside our dedicated partner, APANO Communities United Fund (CUF) as we commence construction on The Jade Apartments! When completed, The Jade will provide 40 units of 1, 2, and 3 bedroom homes designed to be energy efficient, healthy, and accessible. The multi modal community will also feature a photovoltaic solar system to achieve site-sourced, Net Zero ready goals. Financing for The Jade is provided by Oregon Housing & Community Services (OHCS), Banner Bank, Network of Oregon Affordable Housing, Portland Housing Bureau, Metro, Multnomah County, Portland Clean Energy Fund, Energy Trust of Oregon, and the Oregon Multifamily Energy Program. Our development partners include: SERA Architects, GSI Builders, Inc., Stoel Rives LLP, BFK Civil Engineering, PLACE, Earth Advantage, Aman Structural Engineering LLC, Interface Engineering, Inc., and Cascade Management, Inc. #GormanUSA #Integrity #Innovation #Community #PortlandOregon #AffordableHousing #CommunityPartners #HousingForAll

Gorman & Company honors Black History Month by recognizing trailblazers within the industries of architecture, construction, development, and portfolio management - elements of our vertically integrated platform. This month we highlight those that persevered with integrity and innovation to elevate their community. #GormanUSA #Integrity #Innovation #Community #BlackHistoryMonth #DiversityInConstruction #ArchitectureForAll #CommunityImpact