Blackstone and Dominium have partnered to develop Casa Azure, a 196-unit affordable housing complex in Phoenix. The development will be an age-restricted property, limited to senior citizens who make 60% or less of the area median income.

Through its affordable housing portfolio, April Housing, Blackstone will provide $31 million to support the development of the community. This brings Blackstone and April Housing’s affordable housing investments in Maricopa County to $79 million with a total of 658 affordable units.

“We are excited to expand our relationship with Blackstone and April Housing,” said Mark Moorhouse, managing partner and executive vice president of development at Dominion. “Their investment in Casa Azure, coupled with their previous investment in Aviara Flats, demonstrates a significant commitment to affordable housing for both seniors and families in the Phoenix area.”

“April’s commitment to preserve and create affordable housing is at the center of everything we do,” said April Housing Chief Executive Officer Alice Carr. “We are thrilled to continue expanding the supply of affordable housing in an area where it is much needed, especially serving seniors, many of whom have fixed incomes.”