A major new housing initiative is underway in Glendale, Arizona, with the city partnering with the Veterans Community Project (VCP) to combat veteran homelessness through innovative tiny home development. Here’s what real estate investors need to know:
📍 Project Overview
- Location: 6324 Grand Ave., adjacent to VFW Post 1433
- Project: Glendale VCP Village — a $14 million project featuring 50 fully furnished tiny homes
- Unit Sizes: 260–320 square feet
- Special Housing: 8 family units and 2 ADA-accessible units for disabled veterans
🛠️ Features & Amenities
- Each home includes a bed, linens, TV, recliner, cookware, and other essentials
- Units are refreshed with new items after each veteran transitions out (avg. stay: 15–18 months)
- Case managers support each resident to achieve self-sufficiency
🏗️ Construction Timeline
- Groundbreaking: Early 2025
- Phase 1: 25 homes to open first
- Full Completion: Fall 2027
- Construction Start: Expected by June 30, 2025
💸 Financial & Political Support
- Total Budget: $14 million
- Public Contributions: ~$6 million from state and county
- City Contribution: Glendale sold 8 acres of city-owned land to VCP for $10
🧠 Investor Insights
- Projects like this can raise neighborhood desirability and reduce visible homelessness
- Opportunity to monitor impact on rental demand and tenant quality near affordable housing developments
- Reflects broader trend of municipalities partnering with nonprofits to tackle housing crises