Yavapai Community College President Lisa Rhine says the ten apartments to be subsidized in part by the College in this complex provide another housing option for employees and students who work at or wish to attend the College’s Verde Valley Campus or Sedona Center
Last week the Prescott Valley based Fain Signature Group announced on its website that it had completed 44 new apartments in the apartment complex off 89A in Cottonwood. Residents began moving in on Friday, September 8th. The Developer’s goal is apparently to complete the complex with a total of 192 apartments by the end of this year.
Readers may recall that on June 8, 2023, Yavapai Community College announced it had partnered with the Fain Signature Group to rent ten apartments for Verde Valley Campus/Sedona Center students and employees at the Cottonwood complex. At the time, the College released no other details regarding the number of apartments it anticipated leasing or any estimate of the amount of subsidy it would provide for those who leased them.
Readers may also recall that in an interview with Verde Independent reporter Vyto Starinskas published June 11, 2023, Vice President of Finance and Administrative Services Clint Ewell provided the following information: The Community College will rent 10 units, five 2-bedroom and five 3-bedroom apartments. “We plan to sublet these apartments to our employees, and will offer them to YC students if there is not enough employee demand.”
In the Fain Signature Group’s September 8 website announcement, Yavapai Community College president Lisa Rhine is quoted as saying: “The housing availability and affordability situation in our county has reached a point where Yavapai College is losing valuable faculty, staff, and prospective students. YC will continue to identify and invest in solutions for this issue. We are thankful for the Fain Signature Group’s vision and willingness to partner with the College to create solutions. The Inspiration Apartments in Cottonwood will provide another housing option for employees and students who work at or wish to attend the College’s Verde Valley Campus or Sedona Center.”
The Community College has not released any additional information regarding the subsidy for these apartments, the number of units currently available to them from the 44, or the volume of applications from students and employees for the newly available accommodations.
There is a pressing need for greater transparency on the part of Yavapai Community College. County residents deserve a more inclusive and informative process, particularly for a publicly funded institution of this magnitude.
You may visit the Developer’s website announcing the availability of the apartments and containing additional information about them by clicking here.