INSIDE TUCSON BUSINESS:  Mon., June 22, 2009

New Pepper Viner southside subdivision

Pepper Viner Homes broke ground last week on Sunnyside Pointe Homes, a 267-lot housing subdivision near Irvington Road and Park Avenue.  The lots will be developed for affordable senior housing and market rate homes by three nonprofits: La Frontera Center, Old Pueblo Community Foundation, and Tucson Urban League.

Each nonprofit partner has received funds from sources including Pima County bond funds and the Federal Home Loan Bank of San Francisco’s affordable housing program. The funds will be used to reduce the prices of homes to buyers through substantial down payments.

The first phase of the project includes 90 homes for first-time buyers. The homes will have three or four bedrooms with two bathrooms and a single car garage.  The plan is for the first homes to available in March 2010.